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PUBLIC DOCUMENT .... .... No. 9. 



FORTY-EIGHTH ANNUAL REPORT 



OF THE 



Insurance Commissioner 



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PART L 
FIRE AND MARINE INSURANCE. 




BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1903. 



STATE h 

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TABLE OF CONTENTS 



[For iDdex to Companies, see end of volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, "v 

Companies authorized. during 1902 v 

Companies ceasing to do Business during 1902, vi 

Suggestions for Legislation, vi 

North American Insurance Company, ix 

Annual Statement Blanks, xii 

Limit in a Single Risk, xiii 

Reports relating to Fires and their Causes, xvii 

Examinations xviii 

Finances of the Department, • xix 

Reports of Receivers of Insolvent Fire Companies, .... xx 

Massachusetts Mutual Fire Insurance Companies : 

Comparative Table A, xxi 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Comparative Table B, xxi 

Massachusetts Joint-Stock Insurance Companies : 

Comparative Table C, xxii 

Insurance Companies of Other States : 

Comparative Table D, xxiii 

United States Branches of Foreign Insurance Companies : 

Comparative Table E, xxiv 

Aggregates of All the Companies, xxv 

Massachusetts Mutual Fire Insurance Companies : 

Table I. — Assets, liabilities and surplus, xxvi 

Table II. — Risks, income and disbursements, premiums, losses and 

expenses, xxviii 



IV TABLE OF CONTENTS. 

Massachusetts Mutual Fire-Marine Insurance Compam i-agk 

Table III. — Guaranty fund, scrip, assets, liabilities and surplus, . . xxx 

Table IV. — Income and disbursements, premiums, losses and expenses, xxx 

Massachusetts Joint-Stock Insurance Companies : 

Table V. — Cash capital, assets, liabilities and surplus, and expenses, . xxx 

Table VI. — Income and disbursements, risks, premiums and losses paid, xxxi 

Insurance Companies of Other States : 

Table VII. — Cash capital, assets, liabilities and surplus, and expenses, . xxxii 

Table VIII. — Income and disbursement, risks, premiums and losses paid, xxxvi 

United States Branches : 

Table IX. — Showing deposits, etc., xli 

Table X. — Income, disbursements, expenses, etc., xlii 

Massachusetts Business in Detail: 

Table XI. — Risks written, premiums received and losses, . . . xliii 

Table XII. — Receipts and expenditures of the insurance department, . xlix 

DETAILED STATEMENTS. 

Massachusetts mutual fire companies, 2 

Massachusetts mutual fire marine companies, 94 

Massachusetts joint-stock fire, marine and fire-marine companies, ... 99 

Fire, marine and fire- marine insurance companies of other States, . . . 116 

United States branches of foreign companies, 432 

Appendix, 519 

Report of the Massachusetts District Police, Fire Marshal's department, . . 521 



Cnmirwttfcotalifj 0f Ptassattrosdts. 



Insurance Department, Boston, May 27, 1903. 
To the General Court of Massachusetts. 

The first volume of the forty-eighth report of the Insurance 
Commissioner, herewith submitted, relates to fire and marine 
insurance companies only. It covers information and com- 
ments relative to those classes of companies and their business, 
reports of receivers of insolvent companies, a statement of the 
financial operation of the insurance department for the year, 
tables grouping in convenient form figures showing the condi- 
tion of the companies, and the detailed statements as the law 
requires. 

The year has not been prolific with admissions to the Com- 
monwealth, only those named below having been authorized : — 

Fire and Marine Companies authorized during the Year 1902. 



NAME OF COMPANY. 



Location. 



Date of 
Authority, 



Capital. 



Union Mutual Fire, 
Columbia (Marine), 
Colonial Fire, . 
German Fire, . 



Providence, 
Jersey City, 
Washington, D.C., 
Peoria, 111.,. 



March 19, 
April 15, 
June 28, 
Nov. 13, 



$400,000 
200,000 
200,000 



Fire Companies ceasing to do Business in Massachusetts during 1902. 



NAME OF CC 


MPANY. Location. 


Date. 


Capital. 


Remarks. 


Citizens, . 


. New York City, . 


Jan. 4, 


$300,000 


Reinsured in Phenix, New 
York. 


Eagle Fire, 


. New York City, . 


Jan. 18, 


300,000 


Reinsured in North British 
and Mercantile. 


Moscow Fire, 


Moscow, 


Mar. 3, 


200,000* 


Withdrew. 


Colonial Fire, 


West Virginia, . 


Mar. 31, 


200,000 


Reinsured in Colonial, 
Washington. 


Imperial, . 


London, 


May 31, 


200,000* 


Withdrew. 


Merchants, 


Newark, 


July 26, 


400,000 


Reinsured in National , Hart- 
ford. 


Reading Fire, 


Reading, Pa., 


Sept.18, 


250,000 


Reinsured in Hartford Fire. 


North German 


Germany, 


- 


200,000* 


Reinsured in Western, July 
1, 1901; withdrew Dec. 1, 
1902. 


Liverpool and 


London New York City, . 


April 1, 


200,000 


Withdrew. 


and Globe. 




1903. 







Deposit capital. 



vi report of thk 

Suggestions for Legislation. 
The Insurance Commissioner had the honor, at the be<nn- 
ning of the present session of the General Court, to make 
suggestions for legislation as follows : — 

Revised Laws, chapter 120, section 13, should be amended by 
striking out the word "foreign" in the first line thereof, in order 
to require domestic corporations of the class covered by said chapter, 
as well as foreign companies, to file notices of appointments of 
agents with the insurance department. This was formerly required 
by law, but by some misapprehension it was omitted in the last revi- 
sion of the statutes. The same section should be further amended 
by inserting after the word " agent," in the fourth line thereof, the 
words "in this Commonwealth, but only residents of this Common- 
wealth shall be so appointed or employed." As all other foreign 
insurance companies are limited in their appointments of agents to 
residents of the Commonwealth, there would seem to be no good 
reason why the same rule should not apply to this class of companies. 
Moreover, if foreign corporations are so limited, the same restric- 
tions would properly apply to the appointments of agents of domestic 
companies. 

Amend chapter 118, section 87, by inserting after the word " Com- 
monwealth," in the third line thereof, the words " but only residents of 
this Commonwealth shall be so appointed or employed." The reason 
for this amendment is that foreign insurance companies are thus re- 
stricted, and there would seem to be no good reason why the Massa- 
chusetts business of domestic companies should not be handled by 
residents therein. 

Insert in chapter 118, section 39, after the word " perjury," in the 
twenty-first line of said section, a provision forbidding fire insurance 
companies operating on the cash premium plan, as provided in section 
45 of said chapter, which have become insolvent or reinsured or can- 
celled their business, from issuing any more policies until they have 
business enough applied for to bring them up to the same standard of 
responsibility as is required of a new company before it is allowed to 
bind risks. 

Subsequently, bills were presented to the insurance commit- 
tee covering these recommendations. The first two mentioned 
presented no complications, and it is not deemed necessary to 
give, in this connection, copies of the bills proposed by the 
department. The third suggestion, however, was one of 



INSURANCE COMMISSIONER. Vll 

greater importance, and involved a more extensive amendment 
to the law. The proposition was to amend section 39, chapter 
118, Revised Laws, so as to read as follows, the portion in 
italics being the proposed amendment : — 

Section 39. No policy shall be issued by a purely mutual fire 
insurance company organized subsequent to the twenty-third day of 
April in the year eighteen hundred and ninety-four, nor by a mutual 
fire insurance company with a guaranty capital of less than one hun- 
dred thousand dollars, until not less than one million dollars of in- 
surance, in not less than four hundred separate risks upon property 
located in this Commonwealth, has been subscribed for and entered 
on its books ; except that in any town of less than four thousand 
inhabitants a company may be formed to insure only dwelling houses, 
farm buildings and their contents within such town, and may issue 
policies when fifty thousand dollars of insurance has been subscribed 
» for. No policy shall be issued under the provisions of this section until 
the president and secretary of the company shall have certified under 
oath that every subscription for insurance in the list presented to the 
Insurance Commissioner for approval is genuine, and made with an 
agreement with every subscriber for insurance that he will take the 
policies subscribed for by him within thirty days of the granting of a 
license to the company by the Insurance Commissioner to issue poli- 
cies. If such officers shall take a false oath relative to such cer- 
tificate they shall be guilty of perjury. 

No mutual fire insurance company operating on the cash premium 
plan as proposed in section forty-five of said chapter one hundred and 
eighteen, nor any mutual fire insurance company with a guaranty capital 
of less than one hundred thousand dollars, which has become insolvent, 
or has reinsured or cancelled its risks so that it has on its books less than 
one million dollars of insurance in force, not reinsured, in not less than 
four hundred separate risks in this Commonwealth, shall make any 
further insurances until it has secured applications for policies which, 
together ivith the lisks in force not reinsured, shall amount to not less 
than one million dollars in not less than four hundred separate risks 
in this Commonwealth, said applications to be subject to the same pro- 
visions of said section thirty-nine as apply to the subscriptions for 
insurance in a new company. Upon the filing of such applications 
with the Insurance Commissioner he may make such investigation as 
he deems proper and if his findings warrant it grant a license to such 
company to issue policies. 

No officer or other person whose duty it is to determine the charac- 
ter of the risks, and upon whose decision the applications shall be 
accepted or rejected by a mutual fire insurance company, shall receive 



Vlll REPORT OF THE 

as any part of his compensation a commission upon the premiums, 
but his compensation shall be a fixed salary and such share of the net 
profits as the directors may determine. Nor shall such officer or 
person aforesaid be an employee of any officer or agent of the 
company. 

The argument for this change in the law is very evident to 
those who have studied the situation. For the protection of 
the insured in a mutual fire insurance company, and for the 
good name of the Commonwealth in this respect, the Legisla- 
ture long since enacted that no newly organized purely mutual 
fire insurance company in this Commonwealth shall begin to 
issue policies until it has applications for insurance amounting 
to not less than one million dollars in not less than four hun- 
dred separate risks located in Massachusetts. These applica- 
tions must be of a genuine character, and that genuineness be 
evidenced by an agreement on the part of each applicant to 
take the insurance subscribed for by him within thirty da 
from the date when the company is given authority to issue 
policies. The result is that a mutual fire insurance company 
when it begins to bind risks has enough insurance applied for 
to give reasonable expectation that the law of averages will re- 
duce, if not wholly eliminate, the speculative feature which 
would inhere in the business with only a few risks insured. 
A company with this amount of business in force has also suffi- 
cient funds in hand from premiums to pay ordinary losses. 
The company is thus able to furnish insurance practically free 
from the gambling hazard that must be present in companies 
which would be wrecked if a single substantial loss should 
occur, as would be the case if only a few risks were insured by 
a mutual company with no considerable amount of funds. 
The statute, in brief, requires a sufficient number of risks to 
give stability through the operation of the law of averages, 
upon which law all insurance is based. 

Xow, if this is necessary for a new company just starting 
out, why is it not likewise for the old company? The only 
tenable ground is that it is as essential for the one as for the 
other. If a company loses its risks by becoming insolvent, or 
by reinsurance, for instance, so that it has insufficient business 
in force to give it advantage of this law of averages, then its 



INSURANCE COMMISSIONER. IX 

business becomes a speculation, and it should cease issuing 
new policies until it can by securing applications for insurance 
restore that essential condition. 

If it be urged that those who remain in the company when 
the proposed amendment takes effect lose advantage of a proper 
average, it may be replied that it is quite true ; but it is far 
better that this be so, than that others be induced to insure in 
a company in that perilous condition. 

Numerous instances might be cited where mutual fire insur- 
ance companies have been so reduced in respect to risks that 
only one remained upon their books, and this one would have 
disappeared also, were it not that the law provides that a char- 
ter shall be void if no new insurance is taken for a period of 
one year. The object of the managers of the company in thus 
keeping its charter alive is to sell it, should some promoter of 
a speculative turn make a satisfactory bid. During the past 
year at least two such charters have been bought, and an at- 
tempt made to galvanize them into newness of life. In these 
cases it ended in failure. How much the insurers will lose, it 
is now impossible to say ; but it is safe to assume that their 
experience in many cases was not without actual loss, while 
potentially they were exposed to greater liability which good 
fortune did not make real, although with another throw of the 
dice it might have been different. Such charters of mutual 
companies are not, it seems to me, proper subjects for barter 
and sale ; and there ou^ht to be attached to each one of them the 
condition suggested in the proposed amendment, in order that 
the franchise granted by the State may be employed only as a 
conservative and conserving force, and not be turned to uses 
of speculation and greed. 

North American Insurance Company. 

The above-named company has found it necessary either to 
take steps to make an assessment or to cease doing business, 
as an examination of its affairs as of March 31 by this depart- 
ment showed an impairment of its capital in excess of 25 per 
cent., — the limit allowed by law. The company had for some 
time been on the verge of impairment, but at no time had there 
been any apprehension at this department that it had not suffi- 



X REPORT OF THE 

cient funds to take care of the insurance obligations on its 
books, although it might require quite a portion of its capital 
stock to do so. The present impairment is not sufficient to 
cause any policy holder to suffer loss, however it may be with 
the stockholders. 

The company's annual statement at the close of the year 1902 
showed that it had reinsured all its business in force. This was 
done near the close of the year to prevent a showing of impair- 
ment. But, while this act made a small surplus on paper, there 
was really a deficiency of quite an amount. Two items of it 
are the over-valuation of the real estate owned by the company 
by about $17,000, and an under-statement of the liability to 
the reinsuring company by some $18,000. Other items could 
be found still further increasing the real impairment at the 
close of the year. 

This deficiency continued to grow rapidly for the next three 
months, which was inevitable from the very nature of the case, 
because, as the company had no business in force at the begin- 
ning of the year owing to reinsurance, at the end of January 
it must have in hand as a reserve twenty-three twenty- fourths 
of the annual premiums received. Thus, if all the writings 
of the company were on an annual basis, $23,000 out of 
every $24,000 of January premiums must be set aside for a 
reserve. This would leave only $1,000 for expenses. The 
commissions alone, on $24,000 of business, under the contract 
made by the company with its general agent, would be $7,200, 
and a proportionate amount for greater or lesser sums. Sim- 
ilarly, at the end of February there would be twenty-one twenty- 
fourths unearned on the January business, and twenty-three 
twenty-fourths on the February. Making the writings $24,000 
for each month, the reserve for the January business would be 
$21,000, and for the February $23,000, releasing $4,000 only 
for expenses and losses. The commissions alone would be 
$14,400. Extend this computation to March 31, and the 
result would be as follows : reserve for January business, 
nineteen twenty- fourths of $24,000, or $19,000; February, 
twenty-one twenty-fourths of $24,000, or $21,000: March, 
twenty-three twenty-fourths of $24,000, or $23,000; making 
the reserve $63,000 on $72,000 of writings, and releasing only 



INSURANCE COMMISSIONER, XI 

$9,000 of the premiums for expenses and losses, while the 
commissions alone would be $21,600, thus adding to the im- 
pairment, through these items alone, $12,600, allowing not a 
cent for general expenses or for losses. 

It will thus be seen by those familiar with insurance accounts 
that the computation of the reserve on a monthly pro rata basis 
for a company just starting in to write insurance is, although 
the only safe and proper method, a great drain upon the com- 
pany's resources for the first few months. In fact, 96 per 
cent, of the premiums entered upon the books must be in hand 
at the end of the first month, 92 per cent, at the end of the 
second, and so on in a descending scale, until 50 per cent, is 
reached at the end of the year, or twelfth month, the supposi- 
tion all through bein^ that a like amount is taken on each 
month, and that the business is all annual. 

In the case in hand, when the reserve had been charged on 
this monthly pro rata basis at the close of March, when a new 
statement was required from the company, and the losses and 
commissions and other expenses provided for or charged, it 
appeared that the company had an impairment of exceeding 
$70,000, the exact amount, however, being difficult to deter- 
mine, owing to the uncertainty of the proper value to put upon 
certain of the company's assets. The directors of the com- 
pany, properly enough, when the call was officially made upon 
them, as required by law, to levy an assessment (which call 
was made April 23), figured the deficiency a little more, and 
called a stockholders' meeting for the purpose of taking action. 
The question of making an assessment was fully discussed, and 
an adjournment taken. At the adjourned meeting on May 26 
the decision was for liquidation. 

It is perhaps proper to add that the company did not reach 
its unfortunate condition, from a stockholder's point of view, 
from underwriting losses, but through a contract arrangement 
between an agency and the company, by virtue of which the 
interests of the stockholders were not properly guarded. This 
arrangement was permitted by the directors, who probably, 
however, did not fully realize how detrimental it was to the 
pockets of the stockholders. The Insurance Commissioner 
did not feel called upon to interfere until he was convinced 



Xll REPORT OF THE 

that a further continuance of the arrangement might be a men- 
ace to the protection and security of the policy holders. Early 
in the year the arrangement was discontinued, and the com- 
pany's expenses and management were put by the directors 
upon a more conservative and defensible basis. 

Annual Statement Blank-. 

Some of the great insurance companies are doing business in 
about all the States of the Union, besides operating in the 
Territories and in foreign countries. Each State and country 
has its own insurance laws and its own system of supervision. 
It thus happens that companies which have a wide field of 
operation come under very diverse laws and rulings, and their 
annual reports would be as varied as the personalities of the 
many supervising insurance officials, were it not for the fact 
that annually these officials meet in convention, and attempt to 
come to some agreement upon questions constantly arising 
concerning annual statements and various other matters. The 
convention of 1901 appointed a committee, composed of com- 
missioners and deputies, to take up the subject of annual state- 
ment blanks for life and for tire and marine companies. It was 
instructed to make a careful investigation, and report a new 
blank, with such changes from the old as in its judgment 
would be best adapted to disclose to the public the business 
and condition of the companies. The purpose of this move- 
ment was to secure greater uniformity in statements, as far as 
the laws of the various States admit, and thus to les 
the burden of the companies, and at the same time secure state- 
ments that would be abreast of the times ; for in the insurance 
field, as elsewhere, there is evolution and progress, and a 
statement blank that was satisfactory ten years ago would be 
out of date to-day. 

The committee appointed by the convention undertook the 
task, and gave much thought and labor to the work of formula- 
ting new blanks that should present the essential figures of 
each company's condition as briefly as is compatible with a 
clear and comprehensive statement. The committee endeav- 
ored to keep in touch, while preparing these blanks, with the 
supervising insurance officials of every State department. As 



INSURANCE COMMISSIONER. Xlll 

the work progressed, a copy of each of the blanks tentatively 
adopted and put into print was sent to each of them, and sug- 
gestions and criticisms solicited. The heads of insurance 
companies also, and their expert accountants, were invited to 
appear before the committee, so that the practical side of the 
business as well as the theoretical might be duly considered. 
The result of it all was that the draft of the blank reported by 
the committee to the convention at Columbus in September 
last was unanimously adopted by that body. Unfortunately, 
not all the insurance departments of the country were repre- 
sented there, but the blank, with the convention endorsement 
back of it, was quite generally adopted by the absent commis- 
sioners. It was used by the companies in reporting their busi- 
ness at the close of the year 1902. As far as the one relating 
to life insurance companies is concerned, the changes made 
were not radical, and it was accepted as a matter of course 
by the companies, no important complications or difficulties 
appearing. 

The new fire and marine blank differs from the one which 
has been in use in Massachusetts and several other States, 
notably New York, by using the balance sheet form ; but the 
most marked departure appears in selecting, as the basis for the 
accounting, the business written during the calendar year, in 
place of cash premiums received. This change from previous 
statement blanks was revolutionary, and there has been some 
friction with some of the companies in getting the returns as 
the blank required. However, this was not unanticipated and 
not serious, and a single year's experience tends to show that 
the basis adopted by the convention is the correct one ; and 
it is believed that the blank will prove to be more satisfactory 
to the departments and to the companies than any heretofore 
in use. 

Limit in a Single Risk. 

In the last annual report, Part I., of this department refer- 
ence was made to an action that had been brought through the 
Attorney-General of the Commonwealth, on information fur- 
nished by the Insurance Commissioner, to impose a fine upon 
the Netherlands Fire Insurance Company for insuring in a sin- 
gle risk an amount in excess of 10 per cent, of its net assets. 



XIV REPORT OF THE 

This risk was not located in Massachusetts, but in the State of 
California. The Insurance Commissioner, however, had been 
advised that that fact made no difference, — that the prohibi- 
tion of the statute covered all risks, wherever located. He, 
therefore, through the proper channels, caused to be instituted 
an action against the company. The case was referred by Mr. 
Justice Morton, before whom it was originally brought, to the 
full bench of the Supreme Judicial Court, on an agreed state- 
ment of facts, and an opinion was handed down soon after the 
publication of the last fire report of the Insurance Commis- 
sioner. That opinion takes the ground that the provision of 
the statute relative to the amount that may be insured in any 
one risk does not apply to insurance effected by a foreign com- 
pany on property located outside of Massachusetts ; but it 
leaves unsettled the question whether reinsurance should be 
considered in applying the statute. The opinion in full 
follows : — 

Holmes, C. J. This is an information brought under R. L., 
c. 118, § 112 (see St. 1894, c. 522, § 111 ; R. L., c. 226, § 2), to col- 
lect a penalty alleged to have been incurred under St. 1894, c 522, 
§§ 20, 103 (R. L., c. 118, §§ 20, 103). The defendant is a foreign 
insurance company, incorporated under the laws of Holland and 
authorized to do business in this State. In California it insured " in 
a single risk a larger amount than one-tenth of its net assets," and 
the question is, whether the prohibition in section 20 against so doing 
extends to insurance by a foreign company outside the State. 

In the recent case of Johnson v. Mutual Insurance Company of 
New York, 180 Mass. 407, it is intimated that it is beyond the 
power of the Legislature to invalidate contracts made in another 
jurisdiction by a foreign corporation, even though that corporation 
has submitted itself to our laws so far as is necessary in order to 
enable it to do business here. The doubt as to the power was re- 
garded as an argument for construing the statute as not making the 
attempt. The same argument applies here, and of course, if, for 
that or any other reason, section 20 is read as confined in its direct 
operation to Massachusetts contracts, the penalty imposed by section 
103 does not apply. The statute does not purport to impose the 
penalty upon acts which it cannot and does not attempt to prohibit. 
Therefore, we have not to consider the question whether it might 
punish what it could not prevent. (See Carnahan v. Western Union 
Telegraph Company, 89 Ind. 526 ; Commonwealth v. Macloon, 101 
Mass. 1.) 



INSURANCE COMMISSIONER. XV 

The construction which a court naturally would be disposed to give 
the statute is somewhat confirmed by the history of our legislation 
appealed to by both sides. The 10 per cent, limit upon risks, after 
having been applied to domestic companies (St. 1817, c. 120, § 7; 
Eev. Sts., c. 37, § 21), was next applied to foreign companies in a 
different way, by making it unlawful to act or contract as agent in 
this State for such companies unless they were restricted in like man- 
ner by their charters or otherwise (St. 1826, c. 141, § 3 ; Rev. Sts., 
c. 37, § 42). This went on through St. 1854, c. 453, § 31 ; St. 1856, 
c. 252, § 44; Gen. Sts., c. 58, § 66 \ Pub. Sts., c. 119, § 197; and 
there was added a specific prohibition of making contracts in this 
Commonwealth by which a risk of more than 10 per cent, of the cap- 
ital or the securities specified was incurred (St. 1870, c. 349, § 1 ; 
Pub. Sts., c. 119, § 224). These local provisions stood alongside of 
the seemingly universal limitation set upon domestic companies (Pub. 
Sts., c. 119, § 56). 

The trouble is due to an attempt at condensation in the codification 
of 1887. There, under the head of " Provisions common to all com- 
panies," after forbidding any company authorized to do business in 
this Commonwealth to reinsure its Massachusetts risks with any com- 
pany not so authorized, it goes on: "And no such company shall 
insure in a single hazard a larger sum than one-tenth of its net assets " 
(St. 1887, c. 214, § 20). This obviously was intended, as is indicated 
by the margin of the section to consolidate the sections concerning 
domestic and foreign insurance companies in the Public Statutes (Pub. 
Sts., c. 119, §§ 56, 197; see § 224). The act of 1887 was a con- 
tinuation of existing laws, so far as it was the same (§ 112), and it is 
plain that with regard to the question before us no alteration was in- 
tended. But it is plain also that without a good deal of straining it 
must be construed either as narrower than the possible meaning of 
section 56 for domestic companies, or broader than the expressed 
intent of sections 197 and 224 for foreign. It is enough to say that 
we think the latter horn of the dilemma cannot be accepted, as we 
feel confident that it was not meant. The later statutes seem to 
require little additional comment (St. 1891, c. 368 ; St. 1894,' c. 137, 
§ 1 ; c. 522, § 20 ; St. 1895, c. 59, § 1 ; R. L., c. 118, § 20). The 
general intent of continuity is expressed in St. 1894, c. 522, § 112; 
R. L., c. 226, § 2, In St. 1894, c. 137, § 1 (one of the reenactments 
of St. 1887, c. 214, § 20), the part dealing with reinsurance of risks 
omits the limitation to Massachusetts risks. But the words with 
which we are concerned, so far as material, are the same as in 1887, 
and have not changed their meaning. 

It is obvious that the Massachusetts insurer has comparatively 
little concern with the extent of risks taken elsewhere, because apart 



XVI REPORT OF THE 

from precautions taken by the statute to which we need not advert, 
a disaster to an insurance company which did not embrace the de- 
struction of the insurer's property would mean at most a loss of pre- 
miums and the necessity of insuring elsewhere. But a disaster in 
Massachusetts would be likely to mean the destruction of property 
of other insurers beside the one who made the insurance exceeding 10 
per cent., and a chance of losing their insurance. 

The defendant at once reinsured in companies authorized to do 
business in Massachusetts to an amount which, if deducted from the 
total risk, would reduce the defendant's remaining risk within the 
statutory limit. It is argued with some plausibility that this fact 
would save the defendant if the statute applied to its case (St. 1894, 
c. 522, § 20) ; but, as the statute does not apply, we leave this ques- 
tion undecided. 

Information dismissed. 

While the person concerned with the security afforded by 
the company which issues a policy to him, but not conversant 
with questions of law, may not appreciate at its proper value 
the legal reasoning of the first part of the opinion, he cannot 
fail to be interested in the following statement in the latter 
part of that opinion, where it refers to the practical operation 
and effect of the statute in question upon the insured : — 

It is obvious that the Massachusetts insurer has comparatively 
little concern with the extent of risks taken elsewhere, because, 
apart from precautions taken by the statute to which we need not ad- 
vert, a disaster to an insurance company which did not embrace the 
destruction of the insurer's property would mean at most a loss of 
premiums and the necessity of insuring elsewhere. 

The natural question which will occur to the insured is, How 
am I protected in case I have a loss claim pending against 
a company which is forced into insolvency through disaster by 
the total loss in another State of a risk upon which the com- 
pany had placed an amount in excess of 10 per cent, of its net 
isets? Would not I be required to accept my pro rata share 
of the assets of a company made bankrupt by such disaster ? 

The same question would arise in case of a loss to a policy 
holder in this State during the period subsequent to a fire dis- 
astrous to a company, and before he could get his property 
covered elsewhere. That this might be a real menace is appar- 
ent when it is considered that weeks lni^ht elapse before the 



INSURANCE COMMISSIONER. XV11 

Massachusetts insurer would have any information that the 
policy he had in the company made insolvent by taking an ex- 
cessive amount in a single hazard was of little or no value. 
In fact, it is in the range of possibility that such a company 
might have two or more such heavy losses, and the Massachu- 
setts insurer be ignorant of it until after his own property 
burned. Thus disaster to a company that occurred in another 
State might mean more to a Massachusetts policy holder than 
a loss of premiums. This being the case, a pertinent inquiry 
is, whether it would not be wise to add to the protection of the 
Massachusetts policy holders by a statute of unmistakable im- 
port, which shall prevent a foreign company from doing, after 
it is admitted to Massachusetts, an act which would prevent its 
admittance if it were done prior to the time of its application 
for admittance. It is a little inconsistent, to say the least, that 
the law should provide, as it does in R. L., c. 118, § 78, that 
no foreign insurance company shall be admitted to Massachu- 
setts until it satisfies the Insurance Commissioner " that it in- 
sures on any single hazard an amount no larger than one-tenth 
of its net assets," but allows such a company, as soon as it is 
admitted and in a position to work damage to our citizens, to 
do what it must be kept out for if it does it before it applies for 
admission. 

Reports Relating to Fires and their Causes. 

Acts of 1878, chapter 104, imposed upon the Insurance 
Commissioner the duty of preparing and forwarding to the 
mayor and aldermen of each city and the selectmen of each 
town blanks suitable for making returns of fires in their respec- 
tive cities and towns. The Insurance Commissioner was fur- 
ther directed to compile these returns and present them to the 
General Court in a condensed form in his annual report. This 
requirement remained in the law until it was superseded by a 
provision in chapter 444, Acts of 1894, putting the duty of 
collecting and collating statistics relating to fires upon the Fire 
Marshal of the Commonwealth. He was required to report to 
the Insurance Commissioner, who was directed to embody the 
material portions thereof in the annual fire report to the Legis- 
lature. In other respects the Fire Marshal was made account- 
able to the Insurance Commissioner, notably, by the fact that 



XV111 



REPORT OF THE 



all the accounts of his office had to be audited by the Insurance 
Commissioner before they were submitted to the Auditor of the 
Commonwealth. This latter provision was repealed by Acts 
of 1898, chapter 160. Subsequently the office of Fire Marshal 
was abolished, and the duties thereof transferred to the State 
Police department. The law still remains in force relative to 
the publication of the report of that official with the report of the 
Insurance Commissioner. It would seem, however, that it is 
worth considering whether it would not be a saving to the 
Commonwealth to have this report published in a separate 
pamphlet by the department responsible for collecting and' col- 
lating the statistics. It frequently happens that a person 
desires a copy of that report and does not care for the detailed 
report of the condition of fire insurance companies ; yet w r hen 
the tw'o are published together it is necessary to give out a 
volume of nearly six hundred pages in order to furnish infor- 
mation contained in one portion of it covering not more than 
twenty-five pages. If this report were published as a separate 
document, quite a saving could be effected. 



Department Examinations. 
The following is a list of the fire and marine companies 
examined by the department during the year 1902, as re- 
quired by Revised Laws, chapter 118, section 6, together 
with the location of the company and the date of the previous 
examination : — 



Merchants and Farmers, 
Lynn Mutual, 
Traders and Mechanics, 
Worcester Manufacturers, 
Attleborough Mutual, 
Lowell Mutual, . 
Cohasset Mutual, 
Paper Mill Mutual, . 
Middlesex Mutual, . 
Industrial Mutual, 
Holyoke Mutual, 
Fall River Manufacturers, 
Ilingham Mutual, 
North American, 
Bristol County, . 
Abington Mutual, 



Worcester, . 
Lynn, . 
Lowell, 
Worcester, . 
Attleborough, 
Lowell, 
Cohasset, . 
Boston, 
Concord, 
Boston, 
Salem, 
Fall River, . 
Hingham, . 
Boston, 
New Bedford, 
Abington, . 



September, 1899. 



INSURANCE COMMISSIONER. 



XIX 



American, . 
Charles River Mutual, 
Franklin Mutual, 
Fitchburg Mutual, 
China Mutual, . 
Quincy Mutual, . 
.Hampshire Mutual, 
Worcester Mutual, 
Boston Insurance Company, 



Boston, 

Boston. 

Greenfield. 

Fitchburg, . 

Boston, 

Quincy, 

Northampton, 

Worcester, . 

Boston, 



September, 1899. 



October, 1899. 



Besides the above fire and marine insurance companies, the 
following companies of other classes were also examined during 
the year 1902: — 



Massachusetts Mutual Life, 
New England Mutual Life, 
Columbian National Life, 
State Mutual Life, 



Boston Mutual Life, 
Equitable Accident, 
Union Health and Accident, 
Colonial Life Association. 



For certain specific information regarding their annual state- 
ments, a limited examination was made of the Provident Sav- 
ings Life Assurance Society and the Mutual Reserve Life 
Insurance Company, both of New York. 

Finances of the Department. 
Owing to the enactment of legislation last year which abol- 
ished a charge heretofore imposed upon foreign life insurance 
companies for valuing their policies, the receipts of the depart- 
ment during 1902 were reduced some $17,000 from the pre- 
vious year. Nevertheless, they amounted to $72,107.02, while 
the expenditures were $42,942.79. The actual surplus accru- 
ing to the Commonwealth was $29,164.23, which is a very 
substantial amount, and quite as large as it ought to be, when 
it is considered that the insurance interests bear their due share 
of other taxes, and the only justification for the collection of fees 
from them is to provide for the maintenance of the insurance 

department. 

Respectfully submitted, 



FRED'K L. CUTTING, 

Insurance Commissioner. 



XX REPORT OF THE 



REPORTS OF RECEIVERS OF INSOLVENT FIRE 

COMPANIES. 



Eastern Mutual Fire. — Fred H. Kidder, receiver, 82 
Devonshire Street, Boston; appointed Feb. 2, 1897. The 
receiver had a balance on hand Jan. 1, 1902, of $799.72. 
There have been no receipts, and he has disbursed during the 
year $188, leaving a balance Dec. 31, 1902, of $611.72. 

Firemen's Fire Insurance Company, — International Trust 
Company of Boston, receiver ; appointed July 6, 1900. Bal- 
ance on hand at the beginning of the year 1902, $401,394.34 ; 
received during the year, $600 ; making a total of $401,994.34, 
which is also the balance on hand, as there were no disburse- 
ments during the year. 

Melrose Mutual Fire. — Alpheus Sanford, receiver, Mason 
Building, Boston ; appointed Nov. 26, 1895. The total re- 
ceipts of the receiver from date of appointment are $10,746.10, 
of which $10,556.90 came from assessments levied upon the 
policy holders, and the balance from interest and miscellaneous 
sources. A 50 per cent, dividend has been paid the creditors, 
and there is a balance on hand, deposited in the New England 
Trust Company to the credit of the receiver, amounting to 
$1,834.99, from which it is expected that another dividend 
will be paid. 



INSURANCE COMMISSIONER. 



XXI 



Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 





1901.* 


1902.f 


Increase or 
Decrease in 1902, 


Assets (including contingent), 


$38,800,559 


$41,061,678 


$2,261,119 


Liabilities, .... 


5,653,888 


5,919,906 


266,018 


Cash surplus, . 








6,190,800 


6,390,771 


199,971 


Income, . 








6,267,068 


7,038,183 


771,115 


Disbursements, 








6,077,746 


6,357,753 


280,007 


Premiums, 








5,772,916 


6,524,612 


751,696 


Losses paid, 








1,072,837 


1,095,449 


22,612 


Losses incurred, 








1,194,226 


921,826 


—272,400 


Risks outstanding, 








954,026,899 


997,514,226 


43,487,327 


Expenses, . 








901,759 


983,665 


81,906 


Assessments collected, 






12,091 


10,564 


—1,527 


Profits returned, 






4,080,642 


4,218,172 


137,530 



* Forty-five companies. 



t Forty-seven companies. 



Comparative Table B. — Massachusetts Mutual Fire- Marine Insur 

ance Companies. 





1901.* 


1902.* 


Increase or 
Decrease in 1902. 


Assets, 


$565,999 


$589,965 


$23,966 


Liabilities, 








241,415 


256,136 


14,721 


Surplus, . 








324,584 


333,829 


9,245 


Income, 








475,190 


436,046 


—39,144 


Disbursements, 








413,726 


407,011 


—6,715 


Premiums, 








462,641 


425,920 


—36,721 


Losses paid, 








312,439 


297,263 


—15,176 


Losses incurred, 








264,313 


276,007 


11,694 


Risks outstanding, 








17,071,214 


17,914,074 


842,860 


Expenses, . 








82,139 


90,387 


8,248 



* Two companies. 



XX11 



REPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 





1901.* 


1902.* 


Increase or 
Decrease in 1S02. 


Cash capital, .... 


$3,900,000 


$3,900,000 


- 


Assets, 


11,271,010 


11,804,214 


8533,204 


Liabilities, .... 


4,126,533 


4,422,765 


296,232 


Surplus, 


7,144,477 


7,381,449 


236,972 


Income, 


5,509,390 


6,554,339 


1,044,949 


Disbursements, 


4,878,711 


5,368,065 


489,354 


Fire premiums, 


4,074,427 


5,233,448 


1,159,021 


Marine premiums, 


983,778 


801,940 


— 181,838 


Fire losses paid, . 


2,231,926 


2,515,588 


283,662 


Marine losses paid, 


450,315 


536,135 


85,820 


Fire losses incurred, 


2,483,632 


2,529,857 


46,225 


Marine losses incurred, 


563,036 


702,211 


139,175 


Fire risks outstanding, . 


565,140,799 


551,345,990 


— 13,794,809 


Marine risks outstanding, 


6,329,403 


6,370,860 


41,457 


Expenses, .... 


1,877,025 


2,742,978 


865,953 


Cash dividends declared, 


319,000 


381,500 


62,500 



* Five companies. 



INSURANCE COMMISSIONER. 



XX111 



Comparative Table D. — Fire and Marine Insurance Companies 

of Other States. 





1901.* 


1902. t 


Increase or 
Decrease in 1902. 


Cash capital, . 


$48,102,875 


£48,302,875 


$200,000 


Assets, 


243,309,903 


265,679,011 


22,369,108 


Liabilities, . 


113,880,412 


128,780,767 


14,900,355 


Surplus, 


129,429,491 


136,898,244 


7,468,753 


Income, 


124,886,530 


159,143,401 


34,256,871 


Disbursements, 


116,136,114 


124,430,663 


8,294,549 


Fire premiums, 


107,314,402 


136,779,060 


29,464,658 


Marine premiums, 


8,017,772 


8,624,736 


606,964 


Fire losses paid, . 


59,334,621 


62,404,183 


3,069,562 


Marine losses paid, 


4,254,931 


4,250,578 


— 4,353 


Fire losses incurred, 


61,217,722 


52,509,822 


— 8,707,900 


Marine losses incurred, 


3,388,534 


3,852,546 


464,012 


Fire risks outstanding, . 


16,248,106,443 


17,518,558,214 


1,270,451,771 


Marine risks outstanding, 


217,273,166 


208,647,908 


— 8,625,258 


Expenses, . 


41,561,152 


44,404,470 


2,843,318 


Cash dividends declared, 


5,895,086 


5,015,460 


- 879,626 



* One hundred and sixteen companies, 
t One hundred and seventeen companies. 



XXIV 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1901. » 


1902. t 


Increase or 
Decrease in 1902. 


Deposit capital, 


$8,600,000 


$8,100,000 


— $500,000 


Assets in United States, 


69,397,465 


74,013,829 


4,616,364 


Liabilities in United States, . 


44,615,251 


49,724,487 


5,109,236 


Surplus, . 


24,782,214 


24,289,342 


— 492,872 


Income, 


55,582,824 


70,901,908 


15,319,084 


Disbursements, 


51,639,309 


57,137,768 


5,498,459 


Fire premiums, 


50,635,244 


60,603,553 


9.968,309 


Marine premiums, 


2,554,582 


4,623,168 


2,068,586 


Fire losses paid, 


31,657,774 


28,212,680 


— 3,445,094 


Marine losses paid, 


1,599,368 


. 2,271,834 


672,466 


Fire losses incurred, 


32,387,850 


27,775,915 


— 4,611,935 


Marine losses incurred, 


1,762,919 


1,962,070 


199,151 


Fire risks outstanding, . 


6,994,012,615 


7,007,711,921 


13,699,306 


Marine risks outstanding, 


63,852,075 


93,979,410 


30,127,335 


Expenses, . 


18,350,864 


18,833,375 


482,511 



* Forty companies. 

t Thirty-seven companies. 



INSURANCE COMMISSIONER. 



XXV 



Aggregates of All the Companies. 





1901. 


1902. 


Increase or 
Decrease in 1902. 


Cash capital, .... 


$60,602,875 


§60,302,875 


— $300,000 


Assets (including contingent 

of mutual companies), 
Liabilities, .... 


363,344,936 
168,517,499 


393,148,697 
189,104,061 


29,803,761 
20,586,562 


Surplus, . . . . 


167,871,566 


175,293,635 


7,422,069 


Income, 


192,721,002 


244,073,877 


51,352,875 


Disbursements, 


179,145,606 


193,701,260 


14,555,654 


Fire premiums, 


167,889,025 


209,254,690 


41,365,665 


Marine premiums, 


11,946,737 


14,361,747 


2,415,010 


Fire losses paid, . 


94,338,215 


94,281,370 


— 56,845 


Marine losses paid, 


6,575,996 


7,302,340 


726,344 


Fire losses incurred, 


97,327,843 


83,788,994 


— 13,538,849 


Marine losses incurred, 


5,934,389 


6,741,260 


806,871 


Fire risks outstanding, . 


24,768,578,403 


26,083,790,625 


1,315,212,222 


Marine risks outstanding, 


297,234,211 


318,251,978 


21,017,767 


Expenses, .... 


62,772,939 


67,054,875 


4,281,936 


Cash dividends declared, 


6,214,086 


5,396,960 


— 817,126 



XXVI 



REPORT OF THE 



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XXIX 



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Table III. — Massachusetts Mutual Fire-Marine Insurance Com- 
panies. 



NAME OF COM- 
PANY. 


Com- 
menced 
Business. 


Guaranty 
Fund. 


Scrip 
Out- 
standing. 


Admitted 
Assets. 


Liabili- 
ties.* 


Deficiency Deficiency 

in in 

1902. 1901. 


China, 

India,! • 


1853 
1867 


$155,000 


$506,090 
150,471 


$310,934 
279,031 


$185,064 
71,072 


$380,220 
97,512 


$385,450 
96,527 


Totals, . 


• 


$155,000 


$656,561 


$589,965 


$256,136 


$477,732 


$481,977 



* Including unearned premiums, but not including cash or stock-note guaranty fund or out- 
standing scrip. 
! Company commenced to do fire business in 1894. 



Table IV. — Massachusetts Mutual Fire-Marine Insurance Com- 
panies. 



NAME OF COMPANY. 



Income. 



Disburse- 
ments. 



Premiums. 



Losses 
Paid. 



i Expenses. 



China, . 
India, . 
Totals, 



$318,465 
117,581 



$436,046 



$314,774 
92,237 



$311,903 
114,017 



$407,011 



$425,920 



$243,793 
53,470 



$297,263 



$55,798 

34,589 

$90,387 



Table V. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Cash 

Capital. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec.31, 

1902. 


Expensee.* 


American, 

Mercantile Fire and Marine, 
North American, 
Springfield Fire and Marine, 


$300,000 

1,000,000 

400,000 

200,000 

2,000,000 


$S59,036 

3,702,962 

874,256 

261,745 

6,106,215 


$434,615 

872,016 

413,853 

50,882 

2,651,399 


$424,421 

2,830,946 

460,403 

210,863 

3,454,816 


$163,894 

408,889 

183,210 

74,483 

1,912,502 


Totals, 


$3,900,000 


$11,804,214 


$4,422,765 


$7,381,449 


$2,742,978 



Excluding losses, dividends, return premiums and drawbacks and premiums on reinsurance. 



INSURANCE COMMISSIONER. 



XXXI 



Table VI. — Massachusetts Joint-Stock Insurance Companies. 

Fire Business. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 

1902. 


Premiums. 


Losses 
Paid. 


American, 

Mercantile Fire and Marine, 
North American, 
Springfield Fire and Marine, 


$589,407 

1,394,864 

615,939 

177,863 

3,776,266 


$375,784 

1,402,982 

430,258 

172,934 

2,986,107 


$51,513,312 
79,554,099 
44,542,240 

375,736,339 


$554,571 

457,476 

587,075 

88,871 

3,545,455 


$192,188 

314,878 

215,048 

88,363 

1,705,111 


Totals, 


$6,554,339 


$5,368,065 


$551,345,990 


$5,233,448 


$2,515,588 



Marine Business. 



Boston, 



$6,370,860 



$801,940 



$536,135 



xxxn 



REPORT OF THE 



Table VII. — Insurance Companies of Other States. 




* Scrip outstanding, $7,128,130. 



INSURANCE COMMISSIONER. 



XXX111 



Table VII. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1902. 


Expenses. 


Dutchess, . 


$200,000 


$744,806 


$438,618 


$306,188 


$163,716 


Empire City Fire, . 


200,000 


324,779 


115,507 


209,272 


80,945 


Enterprise Mutual, 


- 


237,604 


94,391 


143,213 


12,141 


Equitable Fire and Marine, . 


400,000 


1,171,774 


625,352 


546,422 


264,263 


Farmers' Fire, 


- 


824,252 


475,570 


348,682 


186,408 


Fire Association, . 


500,000 


6,112,938 


4,986,720 


1,126,218 


1,148,417 


Fire Ins. Co , Co. of Phila., . 


400,000 


930,563 


442,785 


487,778 


116,880 


Fireman's Fund, . 


1,000,000 


5,018,993 


2,522,049 


2,496,944 


1,006,149 


Firemen's (Baltimore), . 


400,000 


1,210,568 


468,166 


742,402 


211,266 


Firemen's (Newark), . 


1,000,000 


3,098,007 


721,395 


2,376,612 


271,038 


Firemen's Mutual (Prov.), . 


- 


1,158,487 


375,942 


782,545 


40,320 


Franklin Fire, 


400,000 


3,092,379 


1,671,315 


1,421,064 


282,362 


German (Freeport), 


200,000 


4,429,360 


2,975,450 


1,453,910 


1,001,249 


German Alliance, . 


400,000 


1,179,338 


381,246 


798,092 


129,385 


German American, 


1,000,000 


10,248,496 


4,628,295 


5,620,201 


1,470,249 


German Fire (Peoria), . 


200,000 


579,235 


183,873 


395,362 


55,993 


German Fire (Pittsburgh), . 


200,000 


639,016 


339,873 


299,143 


133,705 


Germania Fire, 


1,000,000 


5,614,003 


2,106,395 


3,507,608 


627,698 


Girard Fire and Marine, 


300,000 


2,009,753 


1,114,410 


895,343 


241,540 


Glens Falls 


200,000 


3,767,117 


1,273,966 


2,493,151 


444,704 


Granite State, 


200,000 


659,772 


345,784 


313,988 


120,284 


Greenwich 


200,000 


2,174,547 


1,859,000 


315,547 


675,832 


Hanover Fire, 


1,000,000 


3,767,292 


2,160,018 


1,607,274 


811,726 


Hartford Fire, 


1,250,000 


12,542,661 


8,894,365 


3,648,296 


3,592,303 


Home, 


3,000,000 


16,990,313 


7,672,596 


9,317,717 


2,296,082 


Home Fire and Marine, 


300,000 


1,332,550 


708,520 


624,030 


340,850 


Hope Mutual, .... 


- 


263,254 


135,143 


128,111 


22,295 


Indemnity Fire, 


200,000 


429,097 


169,643 


259,454 


84,964 


Indianapolis Fire, . 


200,000 


431,493 


143,762 


287,731 


76,742 


Ins. Co. of North America, . 


3,000,000 


10,545,643 


5,750,599 


4,795,044 


2,144,915 



XX XIV 



REPORT OF THE 



Table VII. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1902. 


Expenses. 


Kings County, 


$200,000 


$435,533 


$130,563 


$304,970 


$59,620 


Lafayette Fire, 


200,000 


617,477 


322,298 


295,179 


156,174 


Liverpool & Lond. & Globe, 


200,000 


461,914 


154,041 


307,873 


43,500 


Manufacturers' Mutual Fire, 


- 


517,177 


174,501 


342,676 


21,975 


Mechanics' (Philadelphia), . 


250,000 


978,032 


537,079 


440,953 


126,549 


Mechanics' Mutual Fire, 


- 


286,862 


114,753 


172,109 


14,420 


Mechanics' and Traders', 


300,000 


525,085 


166,346 


358,739 


79,919 


Mercantile Mutual Fire, 


- 


184,073 


97,176 


86,897 


28,475 


Merchants' Mutual, 


- 


337,186 


113,373 


223,813 


13,538 


Michigan Fire and Marine, . 


400,000 


864,702 


315,405 


549,297 


168,078 


Middlesex Mutual, . 


- 


915,475 


234,907 


680,568 


60,469 


Millers' National, . 


200,000 


723,427 


324,048 


399,379 


115,106 


Milwaukee Fire, 


200,000 


523,029 


234,953 


288,076 


100,713 


Milwaukee Mechanics', 


200,000 


2,696,815 


1,287,442 


1,409,373 


497,632 


Nassau Fire 


200,000 


603,856 


175,296 


423.56U 


81,096 


National Fire, 


1,000,000 


6,485,699 


4,024,131 


2,461,569 


1,506,263 


National-Standard, 


200,000 


634,121 


325,954 


308,167 


137,267 


National Union Fire, 


750,000 


1,479,808 


413,000 


1,066,308 


151,939 


Newark Fire 


250,000 


719,862 


180,701 


539,161 


81,202 


New Hampshire Fire, . 


1,000,000 


3,779,074 


1,625,570 


2,153,503 


603,223 


New York Fire, 


200,000 


459,220 


195,293 


263,927 


lu9,226 


Niagara Fire, .... 


500,000 


3,624,876 


2,129,803 


1,495,073 


791,430 


North British and Mercantile, 


200,000 


638,913 


84,061 


554.S52 


32,325 


Northern 


250,000 


648,514 


233,839 


414,675 


12,640 


North German Fire, 


200,000 


375,938 


157,855 


218,083 


103,635 


North River, .... 


350,000 


1,000,833 


460,009 


540,824 


181,324 


Northwestern National, 


600,000 


3,362,099 


1,705,974 


1,656,125 


563,353 


Orient 


500,000 


2,040,624 


970,508 


1,070,116 


373,278 


Pawtucket Mutual Fire, 


- 


396,092 


171,724 


224,363 


26,569 


Pelican Assurance, 


200,000 


461,344 


187,695 


273,649 


89,733 



INSURANCE COMMISSIONER. 



XXXV 



Table VII. — Insurance Companies of Other States — Concluded. 



NAME OF COMPA 


vrv Cash 

w *" Capital. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1902. 


Expenses. 


Pennsylvania Fire, 


$400,000 


$5,784,246 


$3,224,486 


$2,559,760 


$827,977 


Phenix (New York), 


1,000,000 


7,619,948 


4,928,908 


2,691,040 


1,931,223 


Philadelphia Mfrs' Mut' 


IFire, 


244,336 


106,534 


137,802 


21,328 


Phoenix (Hartford), 


2,000,000 


6,371,578 


3,164,970 


3,206,608 


1,268,579 


Potomac, . ' . 


200,000 


575,521 


192,107 


383,414 


106,141 


Providence Mutual Fire 


> • 


533,691 


157,984 


375,707 


23,611 


Providence Washington 


, . 500,000 


2,406,716 


1,535,649 


871,067 


588,355 


Queen, 


500,000 


5,699,943 


2,718,686 


2,981,257 


956,725 


Reliance, . 


300,000 


1,085,672 


687,868 


497,804 


204,365 


Rhode Island Mutual Fi 


re, . 


735,453 


239,349 


496,104 


30,425 


Rochester German, 


200,000 


1,461,994 


775,583 


686,411 


328,622 


Security, . 


300,000 


1,284,785 


796,895 


487,890 


292,583 


Spring Garden, 


400,000 


1,444,632 


945,966 


498,666 


233,041 


State Mutual Fire, . 


. 


1,011,197 


410,597 


600,600 


50,146 


St. Paul Fire and Marin 


e, . 500,000 


3,259,161 


1,935,743 


1,323,418 


923,904 


Teutonia, 


250,000 


747,949 


415,554 


332,395 


206,222 


Traders', 


500,000 


2,631,564 


1,112,069 


1,519,495 


469,823 


Union, 


200,000 


582,431 


343,299 


239,132 


126,795 


Union Mutual Fire, 


. 


345,426 


107,184 


238,242 


7,412 


United Firemen's, . 


300,000 


1,745,093 


1,280,696 


464,397 


192,150 


United States Eire, 


250,000 


763,894 


440,956 


322,938 


191,977 


United States Lloyds, 


. 


1,040,270 


392,978 


647,292 


150,196 


Victoria Fire, . 


200,000 


318,243 


81,722 


236,521 


49,150 


Westchester Fire, . 


300,000 


3,254,673 


1,790,236 


1,464,437 


803,993 


"Western, . 


300,000 


601,822 


267,896 


333,926 


114,244 


What Cheer Mutual Fin 


3) . 


293,508 


152,910 


140,598 


27,840 


Williamsburgh City Fir 


», . 250,000 


2,387,665 


888,852 


1,498,813 


411,665 


Totals, 


. $48,302,875 


$265,679,011 


$128,780,767 


$136,898,244 


$44,404,470 



XXXVI 



REPORT OF THE 



Table VIII. 



Insurance Companies of Other States. 
Fire Business. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1902. 


Premiums. 


Losses 
Paid. 


^Etna, .... 


$6,565,108 


$5,093,847 


$619,376,251 


$5,627,911 


$2,512,498 


Agricultural, . 


1,318,444 


1,181,639 


222,573,500 


1,221,705 


619,257 


Albany 


213,259 


162,271 


23,307,964 


183,049 


79,045 


American (Newark), 


2,201,681 


1,472,340 


310,577,896 


1,893,304 


828,211 


American Central, . 


1,847,561 


1,346,297 


171,040,038 


1,674,798 


682,778 


American Fire (Phila.), . 


1,852,879 


1,507,269 


192,479,926 


1,736,748 


852,791 


American Lloyds, . 


299,209 


225,851 


23,722,535 


277,478 


107,760 


American Mutual (Prov.), 


199,431 


180,556 


21,939,748 


187,322 


19,437 


Assurance Co. of America, 


545,562 


423,562 


36,665,190 


517,672 


267,460 


Atlantic Mutual, 


3,728,366 


3,289,849 


- 




- 


Blackstone Mutual, . 


515,271 


433,261 


57,056,682 


471,396 


39,475 


British American, . 


283,503 


183,345 


25,110,638 


267,346 


112,080 


Buffalo Commercial, 


282,650 


195,886 


21,957,478 


220,890 


130,403 


Buffalo German, 


632,203 


488,999 


78,047,518 


536,532 


226,927 


Caledonian-American, . 


42,280 


30,533 


1,538,088 


25,862 


16,180 


Camden Fire, . 


418,283 


300,754 


39,946,832 


387,611 


157,920 


Capital Fire, . 


252,285 


170,814 


26,254,097 


232,642 


90,814 


Central Manufacturers' 

Mutual. 
Citizens' (St. Louis), 


126,372 
586,750 


107,691 
333,123 


5,803,178 
31,946,779 


124,610 
525,035 


69,318 
211,096 


Colonial (New York), . 


562,266 


456,043 


34,030,059 


544,902 


254,811 


Colonial Fire (Washing- 
ton). 
Columbia, 


106,298 
59,429 


100,962 
61,627 


7,014,439 


95,266 


56,582 


Commerce, 


253,771 


199,790 


22,194,648 


194,045 


99,809 


Commercial Union Fire, 


236,326 


138,718 


17,496,062 


227,397 


74,283 


Commonwealth, 


395,701 


233,047 


33,252,364 


345,641 


106,113 


Concordia Fire, 


807,208 


620,939 


99,596,445 


769,396 


329,125 


Connecticut Fire, . 


3,189,565 


2,450,933 


363,200,760 


3,009,670 


1,411,631 


Continental, 


7,190,706 


4,891,022 


982,765,884 


6,190,836 


2,686,324 


Delaware, 


924,580 


717,341 


117,780,061 


839,326 


392,467 


Detroit Fire and Marine, 


545,790 


376,866 


41,196,220 


384,076 


131,561 


Dutchess, .... 


582,966 


428,027 


62,346,489 


547,399 


244,093 


Empire City Fire, . 


191,038 


186,555 


13,331,969 


184,171 


99,609 



INSURANCE COMMISSIONER. 



XXXV11 



Table VIII. 



Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1902. 


Premiums. 


Losses 
Paid. 


Enterprise Mutual, . 


$195,816 


$180,627 


$21,946,340 


$187,305 


$19,437 


Equitable Fire and Marine, 


806,704 


660,257 


77,359,758 


740,316 


339,596 


Farmers' Fire, . 


561,676 


458,522 


63,709,049 


534,461 


269,929 


Fire Association, 


3,812,370 


3,563,940 


506,449,466 


3,442,354 


2,105,820 


Fire Ins Co., County of 

Philadelphia. 
Fireman's Fund, 


364,182 

3,983,867 


373,136 
2,790,234 


39,874,479 
297,931,977 


316,053 
3,157,481 


212,556 
1,292,271 


Firemen's (Baltimore), . 


683,309 


726,527 


75,076,546 


577,887 


425,260 


Firemen's (Newark), 


1,162,876 


757,895 


122,794,331 


872,679 


365,394 


Firemen's Mutual (Prov.) , 


786,764 


713,433 


90,902,378 


745,998 


55,929 


Franklin Fire, . 


884,478 


760,330 


149,064,167 


755,387 


351,752 


German (Freeport), 


3,305,593 


2,587,567 


391,075,298 


3,147,516 


1,367,369 


German Alliance, . 


541,589 


352,407 


57,840,325 


496,358 


199,022 


German American, . 


5,630,333 


3,851,494 


763,679,727 


5,259,559 


2,079,179 


German Fire (Peoria), . 


211,640 


140,308 


23,435,210 


186,112 


66,269 


German Fire(Pittsburgh), 


413,195 


333,682 


47,965,268 


386,586 


179,978 


Germania Fire, 


2,087,515 


1,778,180 


413,623,401 


1,842,019 


958,502 


Gerard Fire and Marine, 


622,854 


532,578 


123,878,984 


497,994 


203,544 


Glens Falls, . 


1,336,028 


1,011,757 


202,230,792 


1,159,348 


498,462 


Granite State, . 


472,720 


335,240 


46,157,228 


449,407 


199,524 


Greenwich, 


2,423,513 


1,799,469 


315,702,863 


1,954,553 


958,955 


Hanover Fire, . 


2,953,767 


2,086,600 


336,190,999 


2,756,981 


1,109,666 


Hartford Fire, . 


10,323,464 


9,271,324 


1,287,838,587 


9,916,099 


5,186,086 


Home, .... 


8,950,486 


6,387,856 


1,076,070,140 


7,365,609 


3,313,765 


Home Fire and Marine, . 


1,142,777 


795,155 


81,896,950 


997,139 


361,532 


Hope Mutual, . 


261,162 


232,812 


27,775,897 


251,179 


40,860 


Indemnity Fire, 


255,381 


179,248 


21,179,173 


246,028 


94,285 


Indianapolis Fire, . 


220,818 


160,210 


16,466,296 


205,808 


72,642 


Ins. Co. of No. America, 


8,350,184 


6,448,084 


649,458,228 


5,809,382 


2,828,418 


Kings County,. 


224,891 


148,272 


19,376,990 


211,114 


71,574 


Lafayette Fire, 


593,653 


497,049 


37,119,096 


483,156 


337,814 


Liverp. & Lond. & Globe, 


251,035 


118,990 


16,337,278 


239,250 


75,490 


Manufact's' Mutual Fire, 


363,192 


321,309 


42,592,832 


346,104 


24,761 


Mechanics' (Phila.), 


426,107 


318,739 


44,906,604 


369,375 


161,668 



XXXV111 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States — Continued. 

Fire Business — Continued. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1902. 


Premiums. 


Losses 
Paid. 


Mechanics' Mutual Fire, 


$236,783 


$207,350 


$27,899,270 


$227,445 


$17,240 


Mechanics' and Traders', 


277,340 


231,905 


22,712,304 


250,630 


148,016 


Mercantile Mutual Fire, . 


197,980 


196,406 


20,275,505 


191,349 


56,373 


Merchants' Mutual, 


246,102 


205,775 


27,012,972 


223,678 


19,957 


Michigan Fire and Marine, 


501,786 


383,908 


44,716,649 


460,396 


177,771 


Middlesex Mutual, . 


177,781 


151,653 


48,347,392 


146,655 


64,258 


Millers' National, . 


599,810 


468,508 


28,919,851 


250,692 


353,403 


Milwaukee Fire, 


301,820 


221,429 


29,192,824 


281,472 


118,154 


Milwaukee Mechanics', . 


1,557,747 


1,228,857 


168,251,543 


1,449,514 


601,814 


Nassau Fire, . 


290,216 


224,424 


23,264,658 


261,488 


109,028 


National Fire, . 


5,093,033 


3,777,651 


594,085,825 


4,819,364 


2,143,647 


National Standard, . 


547,424 


429,448 


36,984,502 


523,530 


268,273 


National Union Fire, 


539,622 


324,112 


44,984,914 


492,094 


171,031 


Newark Fire, . 


232,386 


204,624 


31,516,888 


206,201 


94,903 


New Hampshire Fire, . 


2,012,100 


1,609,791 


219,821,975 


1,855,377 


890,534 


New York Fire, 


334,724 


276,972 


25,325,275 


311,026 


125,499 


Niagara Fire, . 


2,540,682 


2,102,045 


319,884,662 


2,435,373 


1,177,S33 


North British and Mer- 
cantile. 
Northern,. 


141,817 
355,676 


58,046 
244,503 


18,184,923 
31,407,555 


122,157 
334,263 


13,601 
140,169 


North Oerman Fire, 


316,318 


229,300 


18,346,281 


272,168 


125,439 


North River, . 


694,349 


480,129 


74,258,526 


668,112 


260,803 


Northwestern National, . 


1,528,164 


1,162,489 


288,362,268 


1,405,074 


490,376 


Orient, .... 


1,274,403 


1,197,244 


136,571,568 


1,206,695 


610,634 


Pawtucket Mutual Fire, . 


108,567 


71,107 


23,573,618 


95,663 


24,227 


Pelican Assurance, . 


291,242 


225,097 


27,181,090 


279,712 


135,363 


Pennsylvania Fire, . 


3,123,580 


2,372,246 


415,812,558 


2,854,816 


1.3S9.529 


Phenix (New York), 


6,264,870 


5,332,223 


732,207,105 


5,893,480 


3,238,709 


Phila.Mfrs.' Mutual Fire, 


244,687 


214,994 


23,755,714 


234,144 


50,384 


Phoenix (Hartford), 


4,139,179 


3,363,162 


479,840,702 


3,838,198 


1.826.S96 


Potomac, .... 


290,667 


225,066 


33,194,662 


237,827 


94,472 


Providence Mutual Fire, 


94,956 


72,129 


27,573,856 


75,293 


27,473 


Providence Washington, 


2,224,282 


1,784,765 


185,324,031 


1,635,831 


815.91S 


Queen, .... 


3,787,985 

! 


2,709,499 


355,520,521 


3,427,155 


1,529,552 



INSURANCE COMMISSIONER. 



XXXI X 



Table VIII. — Insurance Companies of Other States — Continued. 

Fire Business— Concluded. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Amount at 

Risk 

Dec. 31, 1902. 


Premiums. 


Losses 
Paid. 


Reliance, .... 


$575,967 


$476,841 


$70,895,849 


$523,732 


$239,845 


Rhode Iel'd Mutual Fire, 


519,008 


444,137 


58,312,878 


474,615 


35,397 


Rochester German, . 


1,067,875 


783,597 


104,127,444 


1,003,962 


424,851 


Security, .... 


1,046,004 


766,948 


109,933,531 


957,326 


385,892 


Spring Garden, 


777,981 


633,366 


103,835,686 


687,755 


315,701 


State Mutual Fire, . 


846,136 


752,266 


98,028,906 


812,086 


57,408- 


St. Paul Fire and Marine, 


2,807,852 


2,486,965 


216,780,547 


2,230,265 


1,209,347 


Teutonia, .... 


734,845 


640,622 


47,421,189 


687,723 


393,220- 


Traders' 


1,635,946 


1,227,361 


144,228,317 


1,470,079 


702,483- 


Union, .... 


425,600 


338,761 


45,208,567 


408,612 


201,419 


Union Mutual Fire, . 


47,449 


45,041 


18,209,665 


34,054 


14,229- 


United Firemen's, . 


701,457 


493,020 


102,095,700 


482,863 


239,028 


United States Fire, . 


638,475 


i 524,349 


56,008,570 


592,796 


238,796 


United States Lloyds, . 


714,709 


504,427 


- 


- 


- 


Victoria Fire, . 


205,309 


121,175 


12,920,885 


153,421 


72,025 


Westchester Fire, . 


2,350,537 


2,003,096 


329,796,195 


2,218,030 


1,150,341 


Western 


384,848 


294,306 


35,969,138 


360,970 


! 162,047 


What Cheer Mutual Fire, 


315,520 


291,400 


32,359,108 


292,805 


pi *j 
J £45,802 


Williamsburgh City Fire, 


1,219,125 


953,140 


156,657,657 


1,070,461 


467,906 


Totals, 


$159,143,401 


$124,430,663 


$17,518,558,214 


$136,779,060 


$62,404,183 



xl 



KKPORT OF THE 



Table VIII. — Insurance Companies of Other States — Concluded. 

Marine Business. 



NAME OF COMPANY. 



Amount at 

Risk 

Dec. 31, 1902. 



Premiums. 



Losses 
Paid. 



-<Etna, . 

Assurance Company of America, 
Atlantic Mutual, .... 

•Citizens* (St. Louis), . 
Colonial (New York), 

•Columbia 

Detroit Fire and Marine, . 
Equitable Fire and Marine, 

Fireman's Fund 

Greenwich, 

Home, 

Home Fire and Marine, 
Insurance Company of North America, 
Mechanics' and Traders', . 
National-Staudard, .... 

New York Fire 

Northwestern National, 

Orient, 

Providence Washington, . 
Security, 

St. Paul Fire and Marine, . 

Teutonia, 

United States Fire 

United States Lloyds, 

Western, 

Totals 



$13,195,399 



139,192,875 



2,990,038 
1,087,566 
252,602 
8,189,911 
2,718,222 

13,916,870 

848,984 

6,505,614 



6,853,963 
414,402 

4,350,517 

655,270 
7,475,675 



$364,943 

5 

3,152,818 

181 

3,905 

45,223 

76,760 

22,763 

617,603 

192,740 

266,637 

83,127 

2,136,770 

9,731 

5 



528,082 
48,498 

385,291 
24,652 
19,891 

644,788 
323 



$203,647,908 \ $8,624,736 



$198,119 

39 

1,344,939 

35,357 

28,292 

44,525 

9,436 

297,373 

116,588 

173,859 

45,035 

1,017,855 

1,057 

39 

11,474 

43 

5,338 

231,143 

40,592 

264,603 

6,525 

25.701 

302,075 

16 



$4,250,573 



INSURANCE COMMISSIONER. 



xli 



Table IX. — United States Branches, Foreign Companies. 

[All companies in this list have a deposit capital of $200,000, except those doing a marine 
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under 
section 94, chapter 118, Revised Laws, all general deposits in excess of what is sufficient to 
enable the company to comply with the law as regards capital are counted as surplus funds.] 



NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 
Dec 31,1902 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 1902. 


Aachen and Munich Fire, 


Aix-la-Chapelle, 


$75,203,157 


$984,080 


$654,385 


$329,695 


Atlas Assurance, . 


London, . 


100,742,870 


1,143,020 


755,953 


387,067 


British Am. Assurance, 


Toronto, . 


114,438,729 


1,184,919 


927,029 


257,890 


British & For. Marine,* 


Liverpool, 


13,796,309 


1,289,868 


452,810 


837,058 


Caledonian, 


Edinburgh, 


154,930,538 


1,524,734 


1,006,808 


517,926 


Cologne Reinsurance, . 


Cologne, . 


77,021,560 


679,962 


403,018 


276,944 


Comm'l Union Assur.,* 


London, . 


413,019,781 


3,874,368 


2,892,993 


981,375 


Hamburg-Bremen Fire, 


Hamburg, 


182,396,620 


1,638,787 


1,359,635 


279,152 


Law, Union and Crown, 


London, . 


34,403,128 


613,361 


250,444 


362,917 


Liverp. & Lon. & Globe, 


Liverpool, 


927,050,905 


10,439,895 


6,418,729 


4,021,166 


London Assur. (Fire), . 


London, . 


202,257,723 


2,013,248 


1,273,204 


740,044 


Lon. Assur. (Marine),* 


London, . 


15,106,381 


559,856 


213,619 


346,237 


Lon. & Lancashire Fire, 


Liverpool, 


346,131,815 


2,315,025 


1,897,873 


417,152 


Manchester Assurance, 


Manchester, 


176,979,924 


1,702,163 


1,267,375 


434,788 


Mannheim,* . 


Mannheim, 


20,775,805 


468,394 


164,250 


304,144 


Marine,* .... 


London, . 


22,129,062 


484,392 


181,080 


303,312 


Munich Re-insurance, . 


Munich, . 


285,352,553 


2,263,722 


1,927,701 


336,021 


National Assurance, 


Dublin, 


45,596,009 


606,347 


427,806 


178,541 


No. British & Mercantile, 


London, . 


572,948,063 


5,369,240 


3,498,664 


1,870,576 


Northern Assurance, . 


London, . 


272,862,910 


3,144,840 


2,001,360 


1,143,480 


Norwich Union Fire, 


Norwich, . 


262,887,436 


2,310,072 


1,697,800 


612,272 


Palatine, .... 


London, . 


125,739,381 


1,609,771 


1,051,084 


558,687 


Plicenix Assurance, 


London, . 


309,949,033 


2,975,207 


2,409,166 


566,041 


Prussian National, 


Stettin, . 


73,954,873 


925,027 


584,380 


340,647 


Reliance Maiine,* . 


Liverpool, 


3,051,286 


365,530 


46,082 


319,-I4S 


Royal, .... 


Liverpool, 


805,691,263 


7,484,976 


5,357,251 


2,127,725 


Royal Exchange, . 


London, . 


119,763,190 


1,488,614 


899,197 


589,417 


Salamandra, . 


St. Petersburg, 


68,094,495 


795,941 


527,730 


268,211 


Scottish Union & Nat'l, 


Edinburgh, 


340,420,070 


3,859,704 


2,509,861 


1,349,843 


Skandia, .... 


Stockholm, 


75,948,809 


840,500 


620,824 


219,676 



xlii 



REPORT OF THE 



Table IX. — United States Branches, Foreign Companies — Con. 




Table X. — United States Branches, Foreign Companies. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Expenses. 


Premiums. 


Losses 
Paid. 


Aachen and Munich Fire, . 


$1,022,827 


$751,125 


$322,891 


$939,408 


$389,597 


Atlas Assurance, 


1,242,112 


898,677 


325,948 


1,064,933 


489,793 


British America Assurance, 


1,664,293 


1,430,433 


525,236 


1,633,722 


858,833 


British and Foreign Marine, 


1,480,858 


1,333,557 


224,394 


1,042,003 


471,232 


Caledonian, 


1,315,790 


1,293,101 


419,650 


1,238,868 


596,609 


Cologne Re-Insurance, 


637,686 


479,111 


138,915 


557,995 


213,971 


Commercial Union Assurance, . 


3,705,365 


2,968,930 


917,991 


3,571,271 


1,719,747 


Hamburg-Bremen Fire, 


1,765,764 


1,466,497 


553,955 


1,700,890 


339,731 


Law, Union and Crown, 


474,026 


414,881 


99,072 


367,072 


201,254 


Liverpool & London & Globe, . 


8,047,284 


5,928,865 


1,996,719 


7,646,405 


3,358,946 


London Assurance (Fire), 


1,942,981 


1,408,717 


568,057 


1,675,229 


628,189 


London Assurance (Marine), . 


507,468 


450,562 


108,315 


4S: 1 


165,978 


London and Lancashire Fire, 


2,354,765 


1,346,363 


699,084 


2,259.243 




Manchester Assurance, 


1,747,258 


1,510,577 


536,897 


1,675.557 


804,392 


Mannheim 


824,022 


712,145 


174,822 


754,147 


446,960 


Marine, 


658,942 


589,598 


127,521 


642,727 


206,840 


Munich Re insurance, 


3,092,416 


2,541,438 


826,702 


3,014,003 


1,625,659 


National Assurance, . 


796,998 


654,194 


215,912 


660,214 


415,704 


North British and Mercantile, . 


4,753,396 


3,795,624 


1,308,956 


4,5S6,215 


1.914,654 


Northern Assurance, . 


3,103,809 


2,085,061 


652,577 


2,508,890 


895,839 


Norwich Union Fire, . 


2,226,121 


1,757,546 


695,348 


2,159,317 


900,728 


Palatine, 


1,540,759 


1,108,748 


417,095 


1,513,074 


538,*56 


Phceuix Assurance, 


3,094,612 


2,716,804 


857,235 


-.344 


1,776.564 


Prussian National, 


759,847 


570,153 


219,441 


729,753 


348,213 


Reliance Marine, .... 


1S7.297 


179,528 


9,935 


171,966 


92,099 


Royal, 


7,151,843 


5,998.635 


1,674,893 


6,072,588 


2,556,027 


Royal Exchange, 


1,416,414 


1,078,607 


368,180 


1,130,394 


604,877 


Salamandra, .... 


761,857 


618,723 


181,006 


738.424 


399,716 


Scottish Union and National, 


2,426,447 


2,138,209 


758,485 


2.270,713 


1,179,848 


Skandia, 


7S4.450 


645,872 


205,036 


746,214 


435,759 


State Fire, 


225,061 


1S6.103 


60,534 


158,595 


n 7i 


Sun, 


2,417,V2S 


1,904,128 


188,878 


2,310,498 


991,990 


8vea Fire and Life, 


643,547 


599,002 


231,374 


622,884 


349,111 


Thames and Mersey Marine, 


576,884 


511,244 


90,507 


568,320 


274,616 


Thuringia, 


1,458,333 


1,108,075 


455,859 


1,348,915 


652,216 


Union Assurance, 


1,221,409 


1,050,025 


345,152 


1.091,466 


498,990 


Western Assurance, . 


2,871,149 


2,406,410 


790,503 


2,802,662 


1,601,868 


Totals • . 


$70,901,918 


$57,137,763 


$18,833,375 


$65,226,721 


$30,4S4,514 



INSURANCE COMMISSIONER. 



xliii 



Table XI. — Massachusetts Business for 1902. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



Abington, 
Anniequam, . 
Arkwright, . 
Atlas, 
Attleborough, 



Barnstable County, 

Berkshire, 

Boston Manufacturers' 

Bristol County, 

Cambridge, 



Charles River, 

Citizens', 

Cohasset, 

Cotton and Woolen, 

Dedham, 



Dorchester, . 

Fall River Manufacturers', 

Fitchburg, 

Franklin, 

Groveland, 



Hampshire, 
Hingbam, 
Holyoke, 
Industrial, 
Lowell, . 



Lumber 

Lynn, .... 
Merchants* and Farmers' 
Merrimack, . 
Middlesex, 



Mutual Fire Assurance, 
Mutual Protection, 
Newburyport, 
Norfolk, .... 
Paper Mill, 



Quincy, .... 
Rubber Manufacturers', 

Salem 

Salisbury and Amesbury, 
Saugus, .... 



South Danvers, 
Traders' and Mechanics', 
Western Massachusetts, 
West Newbury, . 
Whiting, 



Worcester Manufacturers' 
Worcester Mutual, . 

Totals, . 



$2,067,174 
62,130 

53,033,818 

11,000 

592,045 

2,055,202 

3,057,510 

72,639,219 

326,875 

6,978,639 

147,250 

7,087,753 

74,560 

5,902,524 

2,249,446 

10,600,472 

19,123,236 

5,033,213 

91,500 

372,214 

1,016,056 
7,371,947 
8,120,651 
3,558,781 
3,661,477 

1,191,466 

488,588 

4,819,678 

8,372,972 

12,093,644 

1,365,050 
1,893,836 
255,025 
6,130,438 
5,435,205 

7,552,198 

5,308,821 

2,318,157 

393,108 

930,525 

136,450 

8,361,592 

500 

231,918 

122,600 

21,775,891 
11,362,249 



$30,627 

381,749 

26 

4,994 

36,896 
41,650 

468,533 
2,256 

113,873 

1,125 
91,075 

1,164 
48,952 
33,804 

175,933 

139,882 

76,509 

1,126 



16,072 

107,628 

114,874 

28,492 

58,154 

25,688 
6,490 

72,313 
121,531 
176,857 

22,506 
31,490 
3,768 
84,811 
38,818 

111,216 

43,428 

37,175 

3,589 



2,872 

124,524 

3 

1,068 

166,621 
160,874 



$315,774,503 



$3,211,036 



$4,910 

8 

47,883 

1,175 

15,065 

8,265 

47,449 

493 

39,278 

950 
25,763 

2,749 
12,094 

62,227 

16,210 

22,923 

350 

1,334 

4,218 
31,472 
39,734 

1,622 
14,763 

7,394 

3,042 

20,711 

41,036 

53,475 

1,915 

7,472 

5 

16,467 

3,125 

26,777 

2,245 

11,570 

408 
287 

24 
40,755 

3,934 
1,186 

17,745 
40,022 



$4,910 

8 

43,462 

2,925 

14,165 

8,265 

43,128 

493 

35,785 

1,741 

23,774 

2,749 
11,527 

68,147 

15,477 

23,472 

350 

1,334 

4,218 
30,976 
44,197 

1,622 
16,220 

7,394 

3,042 

19,851 

37,969 

53,275 

1,915 

7,514 

186 

16,503 

3,125 

26,777 
2,245 

12,308 
408 
287 

24 

40,755 

3,865 
1,136 

18,239 
46,840 



$700,530 



$702,653 



xliv 



REPORT OF TIIK 



Table XI. — Massachusetts Business for 1902 — Continued. 
Massachusetts Mutual Fire-Marine Companies. 

Fire Business. % 



NAME OF COMPANY. 


Risks , Premiums 
Written. | Received. 


Losses 
Paid. 


Losses 
Incurred. 




$1,855,487 


$25,174 


$11,701 


$11,217 


Marine Business. 




$194,277 


$149,195 $151,101 



Massachusetts Stock Companies. 
Fire Business. 



American, . . . . 

Boston 

Mercantile Fire and Marine, 
North American, . 
Springfield Fire and Marine, 



Totals, 



$6,023,284 

14,134,865 

6,833,854 

974,021 

17,773,682 



$45,739,706 



$57,433 
141,326 

80,727 

10,180 

187,042 



$476,707 



$14,481 
45,056 
27,461 
32,767 
52,180 



$171,945 



$16,593 
50,896 
33,127 
35,185 
56,226 

$192,027 



Marine Business. 



Boston, 



$48,083,981 $413,170 $347,488 



$355,464 



Companies of Other States. 
Fire Business. 



.Etna ! $30,027,347 

Agricultural 7,552,745 

Albany 2,431,761 

American (Newark) 4,193,410 

American Central 5,919,247 

American Fire (Philadelphia), . . . 7,112,153 

American Lloyds, 2,127,600 

American Mutual, 5,871,872 

Assurance Company of America, . . 1,393,913 

Blackstone Mutual 18,007,241 

British American, , 1,568,644 

Buffalo Commercial 1,031,626 

Buffalo German 2,606,671 

Caledonian American 622,388 

Camden Fire 2,237,576 



$300,866 


$131,230 


$13S,038 


70,769 


30,634 


35,614 


30,566 


8,323 


11,976 


44,494 


22,775 


19,059 


70,483 


27,483 


36,272 


76,353 


30.325 


29,289 


17,817 


5,412 


5,922 


44,130 


6,195 


6,401 


12,795 


5,954 


6,860 


135,036 


21,853 


20,600 


19.409 


8,453 


9,856 


8,890 


3,645 


5,077 


22,199 


10,044 


10,243 


8,284 


6,772 


9,250 


28,706 


10,162 





INSURANCE COMMISSIONER. 



xlv 



Table XI. — Massachusetts Business for 1902 — Continued. 

Companies op Other States — Continued. 

Fire Business — Continued. 





Risks 


Premiums 


Losses 


Losses 


name of company. 












"Written. 


Received. 


Paid. 


Incurred. 


Capital Fire, 


$2,015,079 


$22,295 


$14,899 


$18,124 


Central Manufacturers' Mutual, . 


364,011 


8,700 


1,151 


1,065 


Citizens' (St. Louis), 


4,553,829 


62,783 


28,756 


31,132 


Colonial Assurance, 


2,211,276 


30,421 


17,145 


16,982 


Colonial Fire, 


442,090 


4,861 


1,001 


1,038 


Commerce, 


1,265,833 


12,737 


7,738 


9,505 


Commercial Union Fire 


1,721,265 


17,915 


3,565 


4,690 


Commonwealth, 


3,956,706 


30,226 


6,462 


9,529 


Concordia Fire, 


1,735,157 


26,605 


11,059 


14,235 


Connecticut Fire, 


13,976,500 


141,670 


55,336 


63,712 


Continental 


19,036,799 


203,759 


68,845 


69,590 


Delaware, 


3,561,031 


44,246 


23,690 


25,751 


Detroit Fire and Marine, .... 


1,639,135 


16,289 


4,698 


7,975 


Dutchess, 


3,035,374 


40,190 


18,425 


18,330 


Empire City 


2,906,993 


25,492 


9,817 


11,098 


Enterprise Mutual, 


5,915,811 


44,355 


6,195 


6,401 


Equitable Fire and Marine, . 


6,216,142 


64,532 


18,442 


22,741 


Farmers' Fire, 


3,813,729 


44,837 


29,552 


28,127 


Fire Association, 


17,523,989 


200,779 


94,087 


97,036 


Fire Insurance Co., County of Philadelphia, 


1,452,817 


18,691 


11,441 


14,349 


Fireman's Fund 


11,327,373 


118,101 


45,366 


46,351 


Firemen's (Baltimore) 


2,409,587 


33,031 


25,809 


23,861 


Firemen's (Newark), 


4,913,458 


50,449 


34,010 


34,411 


Firemen's Mutual, 


32,251,806 


242,436 


30,401 


28,711 


Franklin Fire, 


3,475,748 


34,712 


12,079 


17,524 


German (Freeport) 


4,870,512 


49,853 


17,930 


19,919 


German Alliance, 


2,517,380 


24,916 


8,339 


10,075 


German American, 


21,733,328 


221,735 


77,945 


92,765 


German Fire (Peoria), .... 


276,864 


3,981 


- 


250 


German Fire (Pittsburgh), .... 


4,341,593 


43,565 


13,450 


14,014 


Germania Fire, 


6,253,962 


61,420 


33,132 


37,561 


Girard Fire and Marine 


2,275,636 


22,067 


7,223 


9,407 


Glens Falls, 


5,576,840 


43,064 


10,932 


12,949 


Granite State Fire, 


6,320,104 


69,171 


25,008 


26,472 


Greenwich, 


7,264,832 


68,262 


31,688 


33,196 


Hanover Fire 


8,610,582 


85,175 


31,582 


33,478 


Hartford Fire, 


23,986,635 


267,053 


103,882 


107,340 


Home, 


50,063,062 


427,292 


172,532 


179,446 


Home Fire and Marine, .... 


4,046,877 


42,326 


7,597 


8,906 


Hope Mutual, 


2,593,894 


21,032 


1,648 


1,792 


Indemnity Fire 


1,184,986 


13,966 


7,138 


10,079 


Indianapolis Fire 


311,460 


3,684 


562 


2,803 


Insurance Co. of North America, 


24,946,314 


297,460 


119,529 


119,143 


Kings County Fire, 


1,102,693 


12,564 


5,217 


7,498 


Lafayette Fire, 


1,339,742 


18,579 


12,274 


15,498 


Liverpool and London and Globe, 


_ 


_ 


- 


- 


Manufacturers' Mutual, .... 


13,586,508 


100,731 


13,035 


11,812 


Mechanics', 


1,308,522 


14,371 


7,148 


8,426 


Mechanics' Mutual, 


8,063,372 


59,623 


8,047 


7,196 


Mechanics' and Traders' 


2,267,954 


19,123 


3,574 


6,097 


Mercantile Mutual, 


1,405,997 


11,906 


2,175 


2,175 


Merchants' Mutual 


7,716,889 


57,214 


11,248 


11,305 


Michigan Fire and Marine, .... 


461,854 


6,597 


1,584 


2,496 


Middlesex Mutual, 


2,637,609 


36,721 


17,013 


18,216 


Millers' National, , 


201,600 


2,631 


2,392 


2,392 



xlvi 



REPORT OF THE 



Table XI. — Massachusetts Business for 1902 — Continued. 

Companies of Other States — Continued. 

Fire Business — Concluded. 





Risks 


Premiums 


Losses 


Losses 


NAME of company. 












Written. 


Received. 


Paid. 


Incurred. 


Milwaukee Fire 


$339,060 


$4,372 


$874 


|2,4fl 


Milwaukee Mechanics', .... 


2,312,538 


27,182 


9,681 


14,657 


Nassau Fire, 


1,337,834 


13,594 


467 


1,737 


National Fire, 


19,373,194 


178,233 


69,100 


74,071 


National Standard 


2,015,342 


18,138 


5,893 


6,588 


National Union Fire, 


2,445,280 


27,172 


2,262 


3,325 


Newark Fire, 


666,040 


7,160 


4,017 


4,567 


New Hampshire Fire, 


16,235,648 


162,886 


66,889 


63,190 


New York Fire, 


2,096,596 


14,582 


5,557 


6,979 


[Niagara Fire, 


18,295,049 


214,744 


72,847 


81,266 


North British and Mercantile, . 


2,341,975 


15,383 


1,863 


5.477 


Northern, 


881,655 


9,163 


1,667 


3,438 


North German Fire, 


440,427 


5,974 


4,544 


4,719 


North River 


2,792,062 


26,678 


9,445 


11,039 


Northwestern National 


3,882,315 


31,253 


18,308 


18,619 


Orient, 


6,113,742 


51,450 


22,335 


25,387 


Pawtucket Mutual, 


1,927,457 


33,340 


1,692 


1,692 


Pelican Assurance 


389,427 


4,341 


2,861 


4,921 


Pennsylvania Fire, 


8,872,208 


122,049 


42,225 


46,627 


Phenix (New York), 


22,743,362 


175,771 


57,752 


62,427 


Philadelphia Manufacturers', 


1,793,819 


14,258 


1,364 




Phoenix (Hartford) 


16,743,621 


170,414 


58,426 


62,923 


Potomac, 


1,573,651 


17,147 


4,005 




Providence Mutual, 


796,815 


9,392 


5,348 


5,343 


Providence Washington, .... 


12,919,970 


127,498 


65,883 


69,611 


Queen, 


11,326,826 


116,142 


48,060 


46 ; 323 


Reliance, 


2,341,185 


22,061 


8,716 


11,564 


Rhode Island Mutual, 


19,657,708 


147,283 


19,450 


17,946 


Rochester German, 


4,520,310 


57,659 


22,693 


26.705 


Security, 


6,222,778 


57,130 


25,336 


26,790 


Spring Garden 


4,393,215 


51,864 


31,333 


35,455 


State Mutual, 


35,526,102 


263,109 


39,958 


41,129 


St. Paul Fire and Marine 


5,557,629 


53,189 


23,098 


25.446 


Teutonia, 


2,789,748 


30,983 


16,898 


19,976 


Traders*, 


4,909,908 


64,067 


18,835 


20,428 


Union 


4,413,316 


41.690 


17,637 


17,150 


Union Mutual, 


221,400 


2,658 


- 


- 


United Firemen's 


3,153,529 


32,342 


15,330 


16,479 


United 8tates Fire 


5,177,323 


47,675 


15,946 


15,264 


Victoria Fire, 


1,020,168 


7,259 


837 


974 


Westchester Fire, 


7,344,479 


80,905 


39,259 


43,021 


Western, 


2,068,204 


22,045 


6,877 




What Cheer Mutual 


3,395,780 


26,759 


3,374 


3,534 


Williamsburgh City Fire 


4,793,051 


44,944 


21,578 


26.945 




$739,855,079 


$7,193,929 


$2,573,573 


$2,752,165 



INSURANCE COMMISSIONER. 



xlvii 



Table XI. — Massachusetts Business for 1902 — Continued 

Companies of Other States — Concluded. 

Marine Business. 



name of company. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



./Etna, . . . . 

Atlantic Mutual, . 

•Columbia, 

Equitable Fire and Marine, 

Fireman's Fund, . 



Home, 

Insurance Co. of North America, 
Providence Washington, 
St. Paul Fire and Marine, . 
United States Lloyds, . 



Totals, 



$2,662,(557 

34,010,007 

268,250 

884,631 

7,113,529 

761,997 

40,446,054 

13,477,204 

1,493,261 

25,501,552 



$126,619,142 



$57,044 

159,909 

4,557 

19,966 

37,061 

15,674 
224,341 
68,545 
28,937 
82,518 

$698,552 



$31,373 
48,575 

9,160 
18,417 

19,810 
157,247 
16,267 
13,375 
20,133 

$334,357 



$20,713 

48,575 

100 

9,148 

16,827 

18,049 
172,500 
14,968 
15,586 
29,497 

$345,963 



United States Branches, Foreign Companies. 
Fire Business. 



Aachen and Munich, 
AUas Assurance, . 
British America, . 
Caledonian, .... 
Cologne Reinsurance, . 

Commercial Union, 
Hamburg-Bremen, 
Law, L T nion and Crown, 
Liverpool and London and (xlobe 
London Assurance (Fire), . 

London and Lancashire, 
Manchester Assurance, 
Munich Reinsurance, . 
National, .... 
North British and Mercantile, 



Northern Assurance, 
Norwich Union, . 
Palatine, . 
Phoenix Assurance, 
Prussian National, 



Royal, .... 
Royal Exchange, . 
Salamandra, . 
Scottish Union and National 
Skandia 



State, 

Sun, 

Svea, 

Thuringia, 

Union Assurance, 



Western Assurance, 



Totals, 



$3,749,029 
4,682,330 
3,240,482 
6,986,422 
4,688,390 

15,712,464 
5,519,100 
1,860,402 

31,375,664 
9,834,866 

10,585,827 
6,345,485 

19,667,709 
5,953,643 

20,376,581 

11,615,747 

10,686,406 

12,523,982 

7,902,219 

2,636,335 

41,982,189 
7,145,869 
3,245,225 

10,724,987 
6,781,039 

1,370,354 
16,960,446 
2,353,910 
3,952,000 
6,975,731 

6,087,056 



$303,521,889 



$48,122 
54,805 
42,804 
94,747 
46,764 

162,134 
66,840 
12,127 

349,130 
89,591 

86,429 
72,201 

201,209 
70,501 

193,753 

98,707 
107,173 
121,356 
105,113 

24,089 

381,297 
82,504 
38,317 

106,514 
52,321 

8,682 

165,656 

25,502 

54,859 

44,684 

79,269 



$3,087,200 



$25,573 
36,110 
20,398 
36,000 
14,972 

56,807 

30,956 

5,096 

139,859 

46,413 

42,639 
40,658 
69,331 
39,582 
71,863 

22,804 
39,539 
44,345 
64,196 
10,302 

144,401 

42,787 

9,063 

47,997 

22,744 

3,877 
65,389 
13,958 
23,752 
23,233 

34,774 



$26,430 
42,769 
29,435 
40,581 
16,927 

63,076 

34,756 

3,270 

140,154 

52,345 

42,148 
43,632 
73.923 
45,105 
73,549 

28,216 
40,695 
49,993 
64,157 
11,054 

148,412 
39,876 
19,063 
48,355 
16,026 

4,599 
70,869 
17,492 
23,111 
21,160 

37,047 



$1,289,418 ] $1,368,225 



xlviii 



REPORT OF THE 



Table XI. — Massachusetts Business for 1902 — Concluded. 
United States Branches, Foreign Companies — Concluded. 

Marine Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


British and Foreign Marine, 
London Assurance, . .- 

Mannheim 

Marine 

Reliance Marine, 

Thames and Mersey 


$34,713,559 
7,381,519 
6,512,414 

215,973,118 

13,395 

5,421,912 


$154,868 
34,804 
35,225 
69,211 
118 
20,513 


$190,468 
12,303 
13,054 
36,191 

8,643 


$214,199 
12,303 
16,092 
37,199 

8,643 




$270,015,917 


$314,739 


$260,659 


$283,436 



Recapitulation . 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual tire-marine compa- 
nies, 

Massachusetts joint-stock companies, 
Companies of other States, .... 
United States branches, .... 



Totals, 



$315,774,503 

1,855,487 

45,739,706 

739,855,079 

303,521,889 



$3,211,036 

25,174 

476,707 
7,193,929 
3,087,200 



$1,406,746,664 $13,994,046 



$700,530 

11,701 

171,945 

2,573.573 

1,289,418 



$702,653 

11,217 

192,027 

2,732,165 

1,368.225 



$4,747,167 $5,056,287 



Marine Business. 



Massachusetts mutual marine companies, . 
Massachusetts joint-stock companies, 
Companies of other States, .... 
United States branches, .... 


$14,897,309 

48,083,981 

126,619,142 

270,015,917 


$194,277 
413,170 
698,552 
314,739 


$149,195 
347,488 
334,357 
260,659 


$151,101 
355,464 
345,963 
288,436 




$459,616,349 


$1,620,738 


$1,091,699 


$1,140,964 



INSURANCE COMMISSIONER. 



xlix 



Table XII. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Tear ending Dec. 31, 1902. 

[Made pursuant to Revised Laws, chapter 118, section 17.] 

Receipts. 



Compensation for valuation of life insurance policies, 
License fees, filing statements, certificates, etc., 



$12,853 40 
59,253 62 



$72,107 02 



Expenditures. 



Commissioner. 
Frederick L. Cutting, 



Deputy Commissioner. 
Frank H. Hardison, .... 



Actuary. 



E. W. Cushman, 



Examiner. 



W. H. Brown, 



Clerks. 
A. E. Linnell, first, . 
W. O. Richardson, second, 
M. F. Whipple, third, 



Ex 



tra Clerks. 



L. G. Hodgkins, 
€. E. Weis, 
M. E. Burrill, 

E. L. Johnson, 
S. E. Flint, 

F. M. Robbins, 

F. M. Page, 
I. L. Baker, 

G. C Studley, 
G. M. Hall, 
G. H. Manks, 

F. E. Gowell, 
M. L. McMann, 
L. II. Young, 
E. G. Stevens, 

G. L. Moore, 
M. H. Dyer, 
J. S. Davis, 
B. B. Hadley, 
K. J. Connorton, 



Amounts carried forward. . 



$2,000 00 
1,500 00 
1,200 00 



$1,200 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

900 00 

900 00 

900 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 



$18,460 00 



1,500 00 



2,500 00 



2,000 00 



2,000 00 



4,700 00 



$14,700 00 



REPORT OF THE INSURANCE COMMISSIONER. 



Table XII. — Statement of Receipts, etc. — Concluded. 



Amounts brought for ward , 



S. E. Gould, 
M. Sanborn, 
K. L. Scheufele, 
E. P. Bancroft, . 
A. P. Cromack, . 
H. L. Richardson, 
G. L. Hemenway, 
M. V. Kelly, 
A. M. Hawes, 
A. Robinson, 
H. A. Stewart, 
V. I. Bryant, 



Expenses. 
Expenses of delegate to national convention, 
Expert services, 
Expressage, freight, etc., . 
Extra clerical assistance, . 
Newspapers, publications, etc., 

Postage, 

Printing and binding, 
Stationery and office supplies, . 
Stenographers and typewriters, 

Sundries, 

Telephone and telegrams, 
Travelling expenses, examination of insurance com- 
panies, 



Total expenditures for 1902, .... 
Fees collected and turned into the State Treasury, 



$18,460 00 |14,700 00- 

825 00 
811 60 
705 00 
685 00 
680 00 
640 00 
635 00 
618 55 
300 00 
150 00 
144 31 
88 40 
24,742 86 



$166 61 

147 40 

112 58 

32 00 

68 25 

362 50 

1,739 96 

196 31 

36 00 
32 12 

37 93 

568 27 



3,499 93 

£42,942 79 
72,107 02 



Surplus accrued to the Commonwealth, . . I . . .1 f 29,164 23 



ABSTRACTS OF ANNUAL STATEMENTS 



or 



Fiee and Marine Insurance Companies. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 
ISAAC C. HOWLAND, President. ALFRED H. NASH, Secretary. 

Amount of permanent fund, $41,728 54 

Income. 

Net premiums,* $33,209.24; extra premiums, $258.64, . . $33,467 88 
Interest on mortgage loans, $ 1,036. 05; stocks and bonds, 

$2,004.71; allother, $419.20, 3,459 96 

Rents, 169 50 

Profit on sale or maturity of ledger assets, .... 74 00 

From all other sources, 422 50 

Total income, $37,593 84 

Ledger assets, Dec. 31, 1901, 82,656 16 

Total $120,250 00 

Disbursements. 

Net amount paid for losses, $4,910 09 

Profits on terminated policies, ....... 9,951 12 

Commissions or brokerage, 4,709 42 

Salaries, fees, etc., of officers and employees, .... 2,313 22 

Rents, 300 00 

Repairs and expenses on real estate, 87 76 

Real estate taxes, $92.57 ; other taxes and fees, $348.75, . 441 32 

Loss on sale or maturity of ledger assets, . . . . 950 00 

All other disbursements, 1,873 78 

Total disbursements, $25,536 71 

Balance, . . $94,713 29 

Ledger Assets. 

Real estate, $900; mortgages,! $21,959.97, .... $22,85997 

Stocks and bonds (schedule A), 49,300 00 

Cash in banks and office, 18,258 76 

* Including $2,293.22 collected of previous years' premiums. 
* t Value of land, $9,450; buildings, $36,640; insurance thereon, 828,900. 



ABINGTON MUTUAL FIRE INSURANCE CO. 3 

Agents' debits (gross), $2,663 46 

Bills receivable, not matured, 1,631 10 



Total ledger assets, $94,713 29 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $266.13; stocks and bonds, $576.67; other 

assets, $9, $851 80 

Rents due on company's property, 15 00 

Market value of stocks and bonds over book value, . . 2,445 00 

Commissions on return premiums, 23 60 

Gross assets, $98,048 69 

Assets not admitted. 

Loans on personal security, ....... 300 00 

Total admitted assets, $97,748 69 

Liabilities. 

Unearned premiums on outstanding risks, .... $46,426 66 

Dividends due policy holders, 1,251 44 

Commissions and other charges due agents and brokers, . 406 41 

Due for return premiums, 163 19 

Miscellaneous, 47 95 

All liabilities, except surplus, . $48,295 65 

Surplus, 49,453 04 

Total liabilities $97,748 69 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $5,734,529 00 $85,019 96 $85,019 96 

Risks written during 1902, . 2,084,241 00 32,307 30 32,307 30 

Total, $7,818,770 00 $117,327 26 $117,327 26 

Risks expired and terminated, . 1,793,133 00 25,969 29 25,969 29 

In force at end of year, . . $6,025,637 00 $91,357 97 $91,357 97 

Amount reinsured, . . . 40,317 00 624 86 624 86 

Net amount in force, . $5,985,320 00 $90,733 11 $90,733 11 

Miscellaneous. 

Losses incurred during the year, $4,910 00 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the 



Portland & Ogdensburg R.R. bonds, 

Naumkeag Street Railway bonds, . 

Trenton Passenger Railway bonds, . 

Rockland & Abington Street Railway bonds, 

Concord & Montreal R.R. debentures, 

Fitchburg R.R. bonds, .... 

Maine Central R.R. bonds, 

Boston United Gas Co. bonds, . 

Illinois Central R.R. Co. bonds, 

Terminal R.R. Association, St. Louis, bonds, 

Chicago, Burlington & Quincy R.R. Co. bonds 

Old Colony R.R. Co. bonds, 

Flint & Pere Marquette R.R. Co. bonds, 

Chicago & Northwestern R'y Co. bonds, 

South Abington (Mass.) bonds, 

Omaha (Neb.) city bonds, 

St. Paul (Minn.) bonds, . 

20 shares Union Pacific R.R., . 

10 " State National Bank, Boston, 

14 " Metropolitan National B'k, Boston, 
5 " Old Boston National Bank, Boston, 

20 " South End National Bank, Boston, 

15 " Abington National Bank, Abington, 
5 " Whitman National Bank, Whitman, 

14 " First National Bank, Salem, 



Company. 

Book Value. 

$5,000 00 
2,000 00 
2,000 00 
1,000 00 
3,000 00 
1,000 00 
2,000 00 
2,000 00 
5,000 00 
2,000 00 
3,000 00 
4,000 00 
1,000 00 
2,000 00 
2,000 00 
1,000 00 
1,000 00 
2,000 00 
1,000 00 
1,400 00 

500 00 
2,000 00 
1,500 00 

500 00 
1,400 00 



Market Value. 

$5,400 00 
2,120 00 
2,480 00 
1,160 00 
3,210 00 
1,000 00 
2,280 00 
2,040 00 
4,680 00 
2,240 00 
2,910 00 
4,110 00 
1,210 00 
2,260 00 
2,100 00 
1,020 00 
1,010 00 
2,010 00 
1,500 00 
1,540 00 

550 00 
1,710 00 
1,575 00 

510 00 
1,120 00 



$49,300 00 $51,745 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1S47. Commenced business Dec. 28, 1847.] 

ELIAS DAVIS, President. JAMES S. JEWETT, Secretary. 

[Note. — This company charges a cash premiumadequate for expenses only, and relies 
upon assessments on deposit notes to pay losses.] 

Amount of permanent fund Dec. 31, 1901, .... $748 98 

Increase during the year, 11 97 



Permanent fund Dec. 31, 1902, 

Income. 

Cash received from assessments, 

Interest on mortgage loans, $278.90 ; all other, $173.80, 



Total income, 
Ledger assets, Dec. 31, 1901, 



§760 95 



$376 76 
452 70 

$829 46 
8,918 03 



Total, 



$9,747 49 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, .... 
Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, 



Total disbursements, 
Balance, 



Ledger Assets. 



Mortgages,* 

Cash in banks and office, 

Office safe, 



Total ledger assets, 



Non-Ledger Assets. 
Interest accrued on mortgages, 
Assessments due, 



Gross assets, 



Assets not admitted. 



Office safe, 

Total admitted assets, 



Liabilities. 

Return assessments on cancelled policies, 

Risks and Premiums. 



$8 


00 


216 


41 


357 


00 


1 


69 


3 


25 


5 


13 


$591 48 



Risks outstanding Dec. 31, 1901, 
Risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, .... 

Miscellaneous 
Losses incurred during the year, 



Amount. 

$316,355 00 
62,130 00 

$378,485 00 
61,880 00 



),156 01 



^3,413 94 

5,657 07 

85 00 

59,156 01 



114 19 
11 35 

1,281 55 



85 00 
>,196 55 

$18 15 



Conting't Prem'a. 

$9,422 67 
2,005 30 

$11,427 97 
1,967 05 



$316,605 00 $9,460 92 



$8 00 



* Value of land, $3,200; buildings, $4,900; insurance thereon, $4,463. 



ARfeWRIGHT MUTUAL FIRE INSURANCE CO. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON 7 . 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 
R. W. TOPPAN, President. D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 

Income. 
Net premiums, * $1,043,226 33 



Interest on bonds, 



36,822 91 



Total income, $1,080,049 24 

Ledger assets, Dec. 31, 1901 976,608 42 



Total, . 



$2,056,657 66 



Disbursements. 

Net amount paid for losses, $73,832 13 

Profits on terminated policies, , 881,102 94 

Salaries, fees, etc., of officers and employees, .... 25,006 00 

Rents/ 2,701 68 

Taxes and fees, 11,172 92 

Inspections, 17,830 00 

All other disbursements, 7,079 22 



Total disbursements, . 



. fl,018,724 89 



Balance, 11,037,932 77 

Ledger Assets. 
Bonds (schedule A), $952,818 75 



Cash in banks and office, 
Agents 1 debits (gross), 



71,737 01 
13,377 01 



Total ledger assets, $1,037,932 77 



Non-Ledger Assets. 
Interest accrued on bonds, .... 
Market value of bonds over book value, . 



Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Accrued taxes, 



All liabilities, except surplus, 
Surplus, 



Total liabilities, 



13,331 25 
46,343 75 

$1,097,607 77 



$1,712 56 

517,463 78 

3,060 45 

$522,236 79 
575,370 98 

$1,097,607 77 



* Including $S,273.39 collected of previous years' premiums. 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstand'g Dec. 31, 1901, $124,862,207 00 $964,196 32 $4,820,981 60 
Risks written during 1902, . 141,035,621 00 1,080,774 02 5,403,870 10 



Total,. . . . $265,897,828 00 $2,044,970 34 $10,224,851 70 
Risks expired and terminated, 132,479,248 00 1,010,042 79 5,050,213 95 



In force at end of year, . .$133,418,580 00 $1,034,927 55 $5,174,637 75 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1902, 91.37 per cent. 



$70,552 00 



Schedule A. 
Bonds owned by the Company. 



Commonwealth of Massachusetts bonds, 

Cambridge city bonds, 

Boston city bonds, 

Providence city bonds, 

Waltham city bonds, 

Lowell city bonds, . 

Worcester city bonds, 

Fitchburg Railroad bonds, 

Eastern Railroad bonds, 

Old Colony Railroad bonds, 

Boston & Lowell Railroad bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Boston & Maine Railroad bonds, 

Philadelphia, Wilm. & Bait. R.R. bonds, 

Boston & Providence R.R. bonds, . 

Lake Shore & Mich. Southern R.R. bonds, 

Pennsylvania Company bonds, 

Chic. June. R.R. & Union Stock Y'ds bonds, 

Boston & Albany Railroad bonds, . 

Norwich & Worcester R.R. bonds, . 

N. Y., N. H. & Hartford R.R. bonds, 

Concord & Montreal R.R. bonds, 

American Telephone & Tel. Co. bonds, . 



Book Value. 

$100,000 00 
40,000 00 
72,875 00 
50,000 00 
10,000 00 
20,000 00 
23,750 00 
61,900 00 
35,000 00 
40,000 00 
89,875 00 
47,000 00 
49,900 00 
20,000 00 
20,000 00 
30,000 00 
30,000 00 
23,718 75 
30,000 00 
54,800 00 
52,000 00 
27,000 00 
25,000 00 



Market Value. 

$100,000 00 
41,562 50 
73,437 50 
48,750 00 
10,450 00 
22,000 00 
25,156 25 
65,387 50 
37,581 25 
45,200 00 
98,250 00 
50,800 00 
56,750 00 
21,700 00 
21,650 00 
30,675 00 
32,700 00 
27,000 00 
31,800 00 
55,250 00 
51,500 00 
27,000 00 
24,562 50 



$952,818 75 $999,162 50 



ATLAS MUTUAL INSURANCE CO. 



ATLAS MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1892. Commenced business June 15, 1892.] 
JOHN A. PRAY, President. FRANK H. MASON, Secretary. 

Office, 70 Kilby Street. 

Income. 

Net premiums, $28 10 

Interest on bank deposits, 250 69 

Total income, $ 278 79 

Ledger assets, Dec. 31, 1901, 21,493 62 

Total, $21,772 41 

Disbursements. 

Net amount paid for losses, $346 90 

Salaries, fees, etc., of officers and employees, .... 366 68 

Rents, 49 65 

Taxes and fees, 35 

All other disbursements, 935 00 

Total disbursements, $1,698 58 

Balance, $20,073 83 

Ledger Assets. 

Cash in banks, $20,073 83 

Liabilities. 

Unearned premiums on outstanding risks, .... $14 05 

Surplus 20,059 78 

Total liabilities, $20,073 83 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $11,000 00 $34 80 $104 40 

Risks written during 1902, . 12,000 00 28 10 28 10 

Total, $23,000 00 $62 90 $132 50 

Risks expired and terminated, . 11,000 00 34 80 104 40 

In force at end of year, . . $12,000 00 $28 10 $28 10 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July, 1845.] 
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary. 

Amount of permanent fund Dec. 31, 1901, .... $16,90135 

Income. 

*Net premiums,* $4,994.48; extra premiums, $46.63, . . $5,04111 
Interest on mortgage loans, $1,504.37; bonds, $200; all 

other, $383.26, 2,087 63 

From all other sources, 11 07 

Total income, $7,139 81 

Ledger assets, Dec. 31, 1901, 38,402 51 

Total, $45,542 32 

Disbursements. 

Net amount paid for losses, . $1,174 55 

Commissions or brokerage, 453 28 

Salaries, fees, etc., of officers and employee's, .... 759 00 

Rents, 36 00 

Taxes and fees, 121 82 

All other disbursements, 231 18 

Total disbursements, ' $2,775 83 

Balance, $42,766 49 

Ledger Assets. 

Mortgages,! $30,900 00 

Cash loans, 300 00 

Bonds (schedule A), 5,790 83 

Cash in banks and office, 4,608 88 

Agents' debits (gross), 1,166 78 

Total ledger assets, $42,766 49 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $379.71; bonds, $80, $459 71 

Market value of bonds over book value, 94 17 

Gross assets, $43,320 37 

Assets not admitted. 

Agents' debits over three months due, 524 66 

Total admitted assets, $42,795 71 

— — - — 1 

* Including $677.09 collected of previous years' premiums. 

t Value of land, $19,100; buildings, $42,600; insurance thereon, $42,600. 



10 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Due for return premiums, 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$ 1,750 00 

8,784 70 

v 31 36 

$10,566 06 
32,229 65 

|42,795 7L 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1901, $2,354,683 00 $15,791 57 

Risks written during 1902, . 592,045 00 4,544 32 



Total, $2,946,728 00 

Risks expired and terminated, . 513,964 00 



$20,335 89 
3,577 45 



Conting't I'rem's. 

$31,583 14 
9,088 64 

$40,671 78 
7,154 90 



In force at end of year, 



. $2,432,764 00 $16,758 44 $33,516 88 



Miscellaneous. 
Losses incurred during the year, 



$2,925 00 



Schedule A. 

Bonds owned by the Company. 

Book Value. 

Attleboro' town bonds, . . . . . $3,515 50 

Pawtucket city bonds, 2,275 33 



$5,790 83 



Market Value. 

$3,555 00 
2,330 00 

$5,885 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary. 

Amount of permanent fund, $57,365 80 

Income. 

Net premiums, $36,895.56 ; extra premiums, $1,145.72, . $38,041 28 
Interest on mortgage loans, $90.68; stocks and bonds, 

$3,279.82; all other, $447.50, . *. . . . . 3,818 00 

Profit on sale or maturity of ledger assets, . . . . 382 25 

From all other sources, 474 82 

Total income, $42,716 35 

Ledger assets, Dec. 31, 1901, 90,474 02 

Total, $133,190 37 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



11 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, . 

Salaries, fees, etc., of oflScers and employees, 

Real estate taxes, $19.50 ; other taxes and fees, $ 353. 84 

Loss on sale or maturity of ledger assets, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 

Real estate, $2,000; mortgages,* $1,250, 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Bills receivable, not matured, . 
Town of Yarmouth notes, 



Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $58.79; stocks and bonds, $1,000.33; other 

assets, $479.57, 

Market value of stocks and bonds over book value, 



$15,064 59 

19,541 27 

6,026 25 

373 34 

500 00 
861 78 

$42,367 23 

,823 14 



$3,250 00 


66,200 00 


6,146 14 


27 00 


15,200 00 



,823 14 



Gross assets, 



1,538 69 
14,113 00 

,474 83 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, .... 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, . 

All liabilities, except surplus, 

Surplus, 



Total liabilities, 



$1,650 00 


64,592 


36 


782 


27 


63 


92 


$67,088 55 


39,386 


28 


$106,474 83 



Risks and Premiums. 

Amount. Cash Prem's. Conting't rrem's. 

Risks outstanding Dec. 31, 1901, $7,479,658 00 $131,012 98 $393,038 94 

Risks written during 1902, . 2,055,202 00 36,895 56 36,895 56 



Total, $9,534,860 00 $167,908 54 $429,934 50 

Risks expired and terminated, . 2,007,572 00 36,286 55 108,859 65 



In force at end of year, . 



',527,288 00 $131,621 99 $321,074 85 



* Value of land, $400; buildings, $2,800; insurance thereon, $2,700. 



12 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, 



$14,165 00 



Schedule A. 

Stocks and Bonds owned by the 



State National Bank, Boston, stock, . 

National Shawmut Bank, Boston, stock, . 

Nat'l Bank of the Republic, Boston, stock, 

Nat'l Bank of Redemption, Boston, stock, 

First National Bank, Yarmouth, stock, 

First National Bank, Hyannis, stock 

Falmouth National Bank stock, 

Massachusetts Real Estate Co. stock 

Old Colony R.R. stock, . 

Union Pacific R.R. stock, . 

Southern Pacific R.R. stock, 

N. Y., N. H. & Hartford R.R. stock, 

West End Street Railway stock, 

Bell Telephone Co. bonds, 

Western Telephone Co. bonds, 

St. Louis Terminal R.R. Asso. bonds 

Fall River city bond, 

Boston & Maine R.R. bonds, 

Fitchburg R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds 

Chicago & E. Illinois R.R. bonds, 

Oregon Short Line R.R. bonds, 

Illinois Steel Co. bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Illinois Central R.R. bonds, 

Massachusetts State bonds, 

Lombard Liquidation Co. bonds, 



Company. 

Book Value. 

$1,500 00 

600 00 

500 00 

1,500 00 

1,500 00 

1,000 00 

1,000 00 

2,000 00 

6,300 00 

6,600 00 

600 00 

1,000 00 

4,000 00 

4,000 00 

4,000 00 

3,000 00 

1,000 00 

12,000 00 

4,000 00 

2,000 00 

2,500 00 

500 00 

1,000 00 

1,000 00 

2,000 00 

1,000 00 

100 00 



Market Value. 

$2,250 00 
1,458 00 

800 00 
2,580 00 
1,830 00 
1,050 00 
1,000 00 

725 00 

13,041 00 

6,804 00 

655 00 
2,220 00 
4,120 00 
3,940 00 
4,180 00 
3,390 00 
1,030 00 
13,380 00 
4,240 00 
2,640 00 
3,005 00 

560 00 
1,010 00 
1,010 00 
2,220 00 
1,075 00 

100 00 



$66,200 00 $80,313 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1S35. Commenced business August, 1S35.] 
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary. 



Amount of permanent fund Dec. 31, 1901, 
Increase during the year, .... 



$57,271 91 
2,728 09 



Permanent fund Dec. 31, 1902, $60,000 00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 13 

i 

Income. 

Net premiums,* $47,800.76; extra premiums, $301, . . $48,10176 

Interest on stocks and bonds, 4,387 81 

Rents 1,221 57 

Profit on sale or maturity of ledger assets, .... 23 82 

Total income, $53,734 96 

Ledger assets, Dec. 31, 1901, 99,644 76 

Total, $153,379 72 

Disbursements. 

Net amount paid for losses, $8,757 92 

Profits on terminated policies, 16,039 46 

Commissions or brokerage, 6,013 85 

Salaries, fees, etc., of officers and employees, .... 3,570 00 

Rents, 450 00 

Repairs and expenses on real estate, 212 75 

Real estate taxes, $109.13 ; other taxes and fees, $505.48, . 614 61 

Inspection, 84 67 

All other disbursements, . . 1,751 86 

Total disbursements, $37,495 12 

Balance, $115,884 60 

Ledger Assets. 

Real estate, $14,500 00 

Stocks and bonds (schedule A), ....... 92,77854 

Cash in banks and office, 2,851 92 

Agents 1 debits (gross), 5,754 14 

Total ledger assets, $115,884 60 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 291 00 

Rents accrued on company's property, 75 00 

Market value of stocks and bonds over book value, . . 27,321 46 



Gross assets, $143,572 06 

Liabilities. 

Unearned premiums on outstanding risks, .... $72,014 19 

Dividends due policy holders, 1,586 87 

Salaries and other miscellaneous expenses due or accrued, . 426 73 

* Including $3,085.11 collected of previous years' premiums. 



14 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Commissions and other charges due agents and brokers, . $794 62 

Due for return premiums, 115 32 

All liabilities, except surplus, $74,937 73 

Surplus, 68,634 33 

Total liabilities, $143,572 06 

Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1901, $9,749,950 00 $140,090 78 $140,090 78 

Risks written during 1902, . 3,412,448 00 49,108 92 49,108 92 



Total, $13,162,398 00 $189,199 70 $189,199 70 

Risks expired and terminated, . 2,791,762 00 39,283 59 39,283 59 



In force at end of year, . .$10,370,636 00 $149,916 11 $149,916 11 
Amount reinsured, . . . 518,413 00 7,281 65 7,281 65 



Net amount in force, . . $9,852,223 00 $142,634 46 $142,634 46 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 percent. 



$8,285 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Western Union Telegraph Co. bonds, . . $1,041 25 $1,100 00 

Chicago & Western Indiana R.R. bonds, . . 5,356 25 5,750 00 

Baltimore & Ohio R.R. bonds, .... 1,950 00 1,900 00 

St. Paul & Sioux City R.R. bonds, . . . 1,270 00 1,250 00 

Pittsfield Electric St. R'y Co. bonds, . . 3,000 00 3,000 00 

Adams Express Co. bonds 5,000 00 10,400 00 

Chicago, Burlington & Quincy R.R. bonds, . 1,000 00 960 00 

Pittsfield Cemetery bonds, .... 4,000 00 4,000 00 

American Tel. & Telegraph Co. bonds, . . 10,090 33 9,900 00 

United Trac. & Elec. Co. (Prov., R. I.) bonds, 4,570 00 4,560 00 

Greenfield & Turner's Falls St. R'y Co. bonds, 4,320 00 4,320 00 

Baltimore & Ohio R.R. stock, .... 460 40 494 00 

100 shares Boston & Albany R.R., . . . 15,305 20 25,800 00 

44 " N. Y. Cent. & Hudson River R.R., . 8,066 86 6,776 00 

19 " New Hampshire Trust Co., . . 2,200 00 

100 " Adams Express Co., . . . 6,061 25 20,000 00 

55 " Pittsfield Nat'l Bank, Pittsfield, . 9,665 50 8,800 00 

10 " Agricultural Nat'l Bank, Pittsfield, 2,000 00 2,700 00 

12 " Third National Bank, Pittsfield, . 1,500 00 2,640 00 

15 " First National Bank, Adams, . . 1,837 50 1,650 00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 15 

Book Value. Market Value. 

16 shares Adams Nat'l Bank, North Adams, . $2,360 00 $2,000 00 

10 " Lenox National Bank, Lenox, . . 1,020 00 1,400 00 

4 " Lee National Bank, .... 704 00 700 00 

$92,778 54 $120,100 00 

BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated March 15, 1S50. Commenced business Oct. 15, 1850.] 
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $1,235,011 72 

Interest on bonds, 41,412 41 

Total income, $1,276,424 13 

Ledger assets, Dec. 31, 1901, 1,054,434 06 

Total, $2,330,858 19 

Disbursements. 

Net amount paid for losses, $80,502 81 

Profits on terminated policies, 1,022,372 31 

Salaries, fees, etc., of officers and employees, .... 40,848 62 

Rents, 3,624 49 

Taxes and fees, 13,152 06 

Loss on sale or maturity of ledger assets, . . . . 3,210 80 

Inspection, 21,174 05 

All other disbursements, 12,833 44 

Total disbursements, $1,197,718 58 

Balance, $1,133,139 61 

Ledger Assets. 

Bonds (schedule A), $1,094,187 50 

Cash in banks and office, 35,428 35 

Cash loan, 3,523 76 

Total ledger assets, • $1,133,139 61 

Non-Ledger Assets. 

Interest due and accrued on bonds, 15,836 14 

Market value of bonds over book value, 83,937 50 

Gross assets, $1,232,913 25 



16 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes due or accrued, .... 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$900 00 
616,234 51 

3,954 04 

$621,088 55 
611,824 70 

$1,232,913 25 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstand'g Dec. 31, 1901, $148,800,360 00 $1,132,500 57 $5,662,502 85 

Risks written during 1902, . 170,024,967 00 1,286,803 62 6,434,018 10 



Total $318,825,327 00 $2,419,304 19 $12,096,520 95 

Risks expired and terminated, 158,463,940 00 1,186,835 17 5,934,175 85 



In force at end of year, . $160,361,387 00 $1,232,469 02 $6,162,345 10 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 90 per cent. 



$76,869 00 



Schedule A. 

Bonds owned by the Company. 



Massachusetts State bonds, 

Old Colony R.R. bonds, . 

Boston & Albany R.R. bonds, 

Brookline town notes, 

Boston & Maine R.R. bonds, 

Pennsylvania R.R. Co. bonds, 

Pennsylvania Co. bonds, . 

West Shore R.R. bonds, . 

Rome, Watertown & Ogdens. R.R. bonds 

Boston city bonds, 

Eastern R.R. bonds, . 

United New Jersey R.R. bonds 

Boston & Lowell R.R. bonds, 

Phila , Wilm. & Baltimore R.R. bonds, 

West End Street Railway Co. bonds, 

Illinois Central R.R. bonds, 

Chic, Rock Island & Pacific R.R. bonds, 

N. Y., N. H. & Hartford R.R. bonds, 

Great Northern Pacific bond, . 

American Telephone & Telegraph Co. bonds, 



Book Value. 

$299,962 50 
120,000 00 
50,0C0 00 
19,000 00 
50,000 00 
20,000 00 
29,781 25 
46,000 00 
50,000 00 
41,000 00 
25,000 00 
50,000 00 
75,000 00 
40,000 00 
50,000 00 
30,000 00 
20,000 00 
20,000 00 
28,593 75 
29,850 00 



Market Value. 

$315,087 50 
131,575 00 
52,875 00 
19,000 00 
62,500 00 
20,800 00 
32,700 00 
55,000 00 
59,750 00 
41,487 50 
26,625 00 
56,750 00 
77,250 00 
42,800 00 
53,625 00 
30,750 CO 
21,300 00 
20,650 00 
28,200 00 
29,400 00 



$1,094,187 50 $1,178,125 00 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 17 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.] 
JAMES TAYLOR, President. GEO. N. ALDEN, Secretary. 

[Note. — Policies are all issued for five years, ten per cent, of the premium note being 

received in cash at the time of issuing the policy. The notes are assessed as necessity 

requires. No cash funds are accumulated.] 

Income. 

Net premiums,* $2,202.27 ; extra premiums, $31.50, . 

Interest, 

Fees, 



$2,233 77 
42 51 

7 50 


$2,283 78 
3,303 72 



Total income, 

Ledger assets, Dec. 31, 1901, 

Total, $5,587 50 

Disbursements. 

Net amount paid for losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Taxes and fees, 



$493 06 


97 


51 


1,335 


24 


19 


88 


$1,945 


69 



Total disbursements, 

Balance, $3,641 81 

Ledger Assets. 

Cash in banks and office, $3,385 66 

Agents' debits (gross), 256 15 



Total ledger assets, $3,641 81 

Liabilities. 

Commissions and other charges due agents and brokers, . $30 67 

State tax accrued, 4 68 

Total, $35 35 

Risks and Premiums. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, .... 

Miscellaneous 
Losses incurred during the year, 



Amount. Conting't Prem's. 

.,925,760 00 $129,343 00 
326,875 00 22,560 00 



1,252,635 00 $151,903 00 
402,730 00 27,229 00 



,849,905 00 $124,674 00 
$493 00 



* Including $62.35 collected of previous years' premiums. 



18 CAMBRIDGE MUTUAL FIRE INSURANCE CO, 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 

DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary. 

Amount of permanent fund, $130,688 77 

INCOME. 

Net premiums,* $146,352.75; extra premiums, $649.52, . $ 147 ,002 27 
Interest on mortgage loans, $3,196.66; collaterals, $150; 

stocks and bonds, $2, 158: all other, £41. 71, . . 5,546 37 

Rents, including company's own occupancy, .... 7,098 34 

Total income $159,646 98 

Ledger assets, Dec. 31, 1901 223,239 45 

Total, £382,886 43 

Disbursements. 

Net amount paid for losses, ?4u,826 74 

Profits on terminated policies, 47,962 12 

Commissions or brokerage, 17,764 27 

Salaries, fees, etc., of officers and employees, .... 10,557 42 

Rents, including company's own occupancy, .... 1,000 00 

Repairs and expenses on real estate, 2,758 66 

Real estate taxes, £ 1,788. 76 ; other taxes and fees, $1,443.58, 3,232 34 

Premium on bonds purchased, 281 53 

All other disbursements, 4.776 20 

Total disbursements, 6129,159 28 

Balance, $253,727 15 

Ledger Assets. 

Real estate, $68,800 ; mortgages,! $102,233, .... $171,03300 

Loans secured by collateral (mortgage assigned, $4,500), . 3,000 00 

Stocks and bonds (schedule A), 47,100 00 

Cash in banks and office, 8,604 44 

Agents 1 debits (gross), 23,989 71 

Total ledger assets, S2oo,727 15 

* Including $24,016.41 collected of previous years* premiums. 

f Value of land, $67,000; buildings, $138,700; insurance thereon, 8124,700. 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 19 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,579.95; stocks and bonds, $744.06; on 

collateral loans, $22.65, $2,346 66 

Rents accrued on company'3 property, 796 66 

Market value of stocks and bonds over book value, . . 4,255 00 

Gross assets, $261,125 47 

■ 

Assets not admitted. 

Agents' debits over three months due, . . $4,459 96 

Depreciation in book value of real estate, . 500 00 

Total unadmitted assets, .... 4,959 96 

Total admitted assets, $256,165 51 

Liabilities. 

Unpaid losses, including $1,200 resisted, $2,398 81 

Unearned premiums on outstanding risks, .... 188,704 40 

Dividends due policy holders, 9,698 29 

Commissions and other charges due agents and brokers, . 3,032 61 

Due for return premiums, 657 76 

All liabilities, except surplus, $204,491 87 

Surplus, 51,673 64 

Total liabilities, $256,165 51 

Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1901, $22,497,144 00 $356,821 26 $356,821 26 

Risks written during 1902, . 7,854,429 00 129,821 98 129,821 98 

Total, $30,351,573 00 $486,643 24 $486,643 24 

Risks expired and terminated, . 7,260,749 00 114,142 15 114,142 15 

In force at end of year, . . $23,090,824 00 $372,501 09 $372,501 09 

Amount reinsured, . . . 198,265 00 3,269 21 3,269 21 

Net amount in force, . . $22,892,559 00 $369,231 88 $369,231 88 

Miscellaneous. 

Losses incurred during the year, $37,333 00 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



20 



CHARLES RIVER MUTUAL INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the 



Cambridge city bonds, 

West End Street R.R. bonds, 

North Packing Co. bonds, 

Eastern R.R. bonds, . 

Boston & Lowell R.R. bonds, 

Fitchburg R.R. bonds, 

N. Y., N. H. & Hartford R.R. bonds, 

15 shares National City Bank, Cambridge, 

1 share Framingham National Bank, 



Company. 

Book Value. 

$5,000 00 

10,000 00 

5,000 00 

1,500 00 

5,000 00 

9,000 00 

10,000 00 

1,500 00 

100 00 



Market Value. 

|5,120 00 

10,387 50 

5,000 00 

1,620 00 

5,480 00 

9,922 50 

11,425 00 

2,250 00 

150 00 



147,100 00 $51,355 00 



CHARLES RIVER MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Jan. 5, 1895. Commenced business Jan. 4, 1896.] 
FRANK A. COLLEY, President. FRED. L. CADOGAN, Assistant Secretary. 

Office, 228 Board of Trade Building. 

Income. 

Net premiums, $15,712 69 

Disbursements. 

Net amount paid for losses, ■ $2,800 46 

Commissions or brokerage, 3,011 76 

Salaries, fees, etc., of officers and employees, .... 1,185 39 

Taxes and fees, 84 50 

Total disbursements, $7,082 11 

Balance, $8,630 58 

Ledger Assets. 

Cash in banks, $1,459 23 

Agents' debits (gross), 7,171 35 

Total ledger assets, $8,630 58 

Assets not admitted. 

Agents 1 debits over three months due, 969 95 

Total admitted assets, $7,660 63 

Liabilities. 

Unpaid losses, $ 1,717 05 

Unearned premiums on outstanding risks, .... 8,076 92 

Total, $9,793 97 

Deficiency, $2,133 34 



citizens' MUTUAL INSURANCE CO. 



21 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1902, $1,246,150 00 

Miscellaneous. 
Losses incurred during the year, 



Cash Prem's. Contlng't Prem'8. 

$15,712 69 $15,712 69 



$3,518 00 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.] - 
GEO. W. HINKLEY, President. GEO. A. STEWART, Secretary. 

Office, 8 Exchange Place. 
Amount of permanent fund, $174,441 91 



Income. 

Net premiums,* $93,660.71 ; extra premiums, $595.69, . 

Interest on mortgage loans, $13,893.36; collaterals, 

stocks and bonds, $323.13; all other, $161.88, 

Rents, 

Profit on sale or maturity of ledger assets, 
From all other sources, .... 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 
Real estate taxes, $1,127.87 ; other taxes and 
Loss on sale or maturity of ledger assets, 
All other disbursements, .... 



Total disbursements, 



Balance, 



Ledger Assets. 

Real estate, $36,300 ; mortgages,! $246,095, 

Loans secured by collateral (12 shares Natick Nat 1 l Bank), 



fees, 



$1,007.18 



$94,256 40 

14,438 37 

1,042 00 

800 00 

2,399 78 

$112,936 55 
328,266 24 

$441,202 79 



$25,762 55 

49,202 81 

12,430 09 

8,264 61 

2,084 00 

2,556 76 

2,135 05 

46 00 

4,929 91 

$107,411 68 

$333,791 11 



$282,395 00 
1,200 00 



* Including $3,649.43 collected of previous years' premiums. 

t Value of land, $123,048; buildings, $344,525; insurance thereon, $290,650. 



22 citizens' MUTUAL INSURANCE CO. 

Stocks and bonds (schedule A), $26,095 00 

Cash in banks and office, 13,414 85 

Agents' debits (gross), 10,686 26 

Total ledger assets, $333,791 11 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $2,913.37; stocks and bonds, $336.66; col- 
lateral loans, $18.22 3,268 25 

Rents due and accrued on company's property, . . . 423 00 

Market value of real estate over book value, .... 5,200 00 

Gross assets, $342,682 36 



Assets not admitted. 

Agents 1 debits over three months due, . . $1,094 92 

Depreciation in book value of stocks and bonds, 55 00 

Total unadmitted assets, .... 

Total admitted assets, 



1,149 92 
|341,532 44 



Liabilities. 

Unearned premiums on outstanding risks, .... $ 191,872 02 

Dividends due policy holders, 8,118 66 

Salaries and other miscellaneous expenses due or accrued, . 485 75 

Commissions and other charges due agents and brokers, . 1,721 72 

Due for return premiums, 144 16 

All liabilities, except surplus, $202,342 31 

Surplus, 139,190 13 

Total liabilities, $341,532 44 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $29,510,060 00 $405,993 99 $405,993 99 

Risks written during 1902, . 7,246,453 00 96,655 33 96,655 33 



Total, $36,756,513 00 $502,649 32 $502,649 32 

Risks expired and terminated, 7,918,078 00 106,693 43 106,693 43 



In force at end of year, . . $28,838,435 00 $395,955 89 $395,955 89 
Amount reinsured, . . . 218,150 00 2,727 23 ■ 2,727 23 



Net amount in force, . . $28,620,285 00 $393,228 66 $393,228 66 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20,40 and 60 percent. 



$23,774 00 



COHASSET MUTUAL FIRE INSURANCE CO. 



23 



Schedule A. 

Stocks and Bonds owned by the 



Butchers' Slaughtering & Melting Asso. bonds, 

Denver Land & Security Co. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

West End Street R'y bonds, . 

10 shares State National Bank, 



Company. 

Book Value. 

$4,000 00 
1,800 00 
7,065 00 
9,690 00 
2,140 00 
1,400 00 



Market Value. 

$4,000 00 
1,800 00 
6,900 00 
9,700 00 
2,140 00 
1,500 00 



$26,095 00 $26,040 00 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 16, 1846.] 
CALEB F. NICHOLS, President. PHILANDER BATES, Secretartj. 



Amount of permanent fund Dec. 31, 1901, 
Increase during the year, .... 



Permanent fund Dec. 31, 1902, . 

Income. 

Net premiums, $660.50 ; extra premiums, $2.08, . 
Interest on stocks and bonds, $39 ; all other, $8.18, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

State taxes, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 
3 shares Merchants' National Bank stock, 
Cash in banks and office, .... 



Total ledger assets, .... 

Liabilities. 

Unearned premiums on outstanding risks, 

Deficiency, 



$814 62 
381 31 

$1,195 93 



$662 58 
47 18 

$709 76 
817 58 

$1,527 34 



$69 


59 


195 


50 


50 00 


10 


42 


5 


90 


$331 


41 



$1,195 93 



$573 00 
622 93 

$1,195 93 



2,637 90 
$1,441 97 



24 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1901, $343,750 00 
Risks written during 1902, . 74,560 00 



Cash Frem's. Conting't Prem'». 

$5,326 60 $12,5 lft 64 



Total, $418,310 00 

Risks expired and terminated, . 72,960 00 



1,164 22 

$6,490 82 
1,138 16 



In force at end of year, 



Miscellaneous. 
Profits or surplus returned during 1902, 15, 30 and 50 per cent. 



2,397 94 

$14,916 58 
3,214 17 



$345,350 00 $5,352 66 1,702 41 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSUR- 
ANCE COMPANY, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, U 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Income. 



Net premiums, . 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Salaries, fees, etc., of officers and employees, 

Taxes and fees, 

Inspections, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 



Bonds (schedule A), 
Cash in banks and office, 
Agents' debits (gross), 

Total ledger assets, 



* §368,483 20 
10,425 74 

$378,908 94 
262,227 54 

$641,136 48 



$80,667 64 

256,753 30 

6,370 87 

4,789 85 

9,577 07 

14,528 78 

$372,687 51 

$268,448 97 



$227,000 00 

38,665 69 

2,783 28 

§268,448 97 



* Including $11,13S.55 collected of previous years' premiums. 



COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 25 



Non-Ledger Assets. 

Interest due and accrued on bonds, . 
Market value of bonds over book value, . 



Gross assets, 



Liabilities. 

Unpaid losses, including $11,099.17 resisted, 
Unearned premiums on outstanding risks, 
Taxes, 



All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$3,850 40 
5,315 00 

$277,614 37 



$11,991 11 

174,704 49 

516 36 

$187,211 96 

90,402 41 

$277,614 37 



Risks and Premiums. 

Amount. Cash Prems. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $37,129,838 00 $351,432 36 $1,757,161 80 
Risks written during 1902, . 44,521,398 00 378,186 00 1,890,930 00 



Total, $81,651,236 00 $729,618 36 $3,648,091 80 

Risks expired and terminated, . 42,046,266 00 380,209 38 1,901,046 90 



In force at end of year, . . $39,604,970 00 $349,408 98 $1,747,044 90 

$56,201 00 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1902, 70 per cent. 



Schedule A. 



Bonds owned by the 



Chicago Terminal Transfer R.R. bonds, 
New England Tel. & Tel. Co. bonds, 
American Bell Telephone Co. bonds, 
Bangor & Aroostook R.R. bonds, 
American Writing Paper Co. bonds, 
American Tel. & Telegraph Co. bonds, 
Fitchburg Railroad bonds, 
Maine Central R.R. bonds, 
Portland & Ogdensburg R R. bonds, 
Lynn & Boston Street R'y bonds, 
Boston & Lowell R.R. bonds, . 
N. Y. Cent. & Hudson River R.R. bonds, 
West End Street R'y bonds, . 



Company. 

Book Value. 

$20,000 00 
38,000 00 
15,000 00 
15,000 00 
5,000 00 
20,000 00 
18,000 00 
26,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
25,000 00 



Market Value. 

$17,000 00 
39,035 00 
14,775 00 
17,550 00 
3,800 00 
19,700 00 
19,440 00 
28,915 00 
10,800 00 
10,800 00 
10,125 00 
14,025 00 
26,350 00 



$227,000 00 $232,315 00 



26 



DEDHAM MUTUAL FIRE INSURANCE CO. 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1637. Commenced business July 1, 1837-1 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 

Amount of permanent fund, 



Income. 

Net premiums,* $36,952.32 ; extra premiums, $202.82, . 
Interest on mortgage loans, $2,304.41; stocks and bonds, 

$5,127.25; all other, 892.07, 
Profit on adjustment of book value of ledger assets, 
From all other sources, .... 



Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, 

Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on adjustment of book value of ledger a 
All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 

Mortgages,! 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' debits (gross), .... 



Total ledger assets, 



ssets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $776.58 ; stocks and bonds, $1,376.33, . 



$89,765 


77 


$37,155 


14 


7,523 


73 


1,831 


00 


11 


87 



$46,521 74 
152,845 49 

$199,367 23 



$11,943 63 

13,935 17 

4,911 47 

4,566 26 

270 00 

388 44 

1,320 00 

1,208 70 

$38,543 67 

$160,823 56 



$37,100 00 

113,076 00 

6,494 33 

4,153 23 

$160,823 56 



2,152 91 



Gross assets $162,976 47 



* Including £3,242.10 collected of previous years' premiums. 

t Value of land, $25,050; buildings, $57,650; insurance thereon, $48,830. 



DEDHAM MUTUAL FIRE INSURANCE CO. 



27 



Assets not admitted. 
Agents 1 debits over three months due, .... 

Total admitted assets, 

Liabilities. 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 
Due for return premiums, 

All liabilities, except surplus, 

Surplus, 



Total liabilities, 



Risks and Premiums. 



$142 16 
$162,834 31 



$52,732 23 

3,037 70 

622 98 

122 03 

$56,514 94 
106,319 37 

$162,834 31 



Amount. Cash Prem's. Conttng't Prem's. 

Risks outstanding Dec. 31, 1901, $6,393,571 00 $97,946 55 $97,946 55 
Risks written during 1902, . 2,249,446 00 35,27183 35,27183 



Total $8,643,017 00 $133,218 38 $133,218 38 

Risks expired and terminated, . 1,994,166 00 30,755 98 30,755 98 



In force at end of year, 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 25, 50 and 70 per cent 



,648,851 00 $102,462 40 $102,462 40 

$11,527 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Boston city bonds, $2,200 00 $2,200 00 

Salem city bonds, 3,195 00 3,195 00 

Lynn city bonds, 3,270 00 3,270 00 

Fitchburg R.R. bonds, 5,293 75 5,293 75 

Boston & Lowell R.R. bonds, .... 12,210 00 12,210 00 

Eastern R.R. bonds, 1,080 00 1,080 00 

Boston & Maine R.R. bonds, .... 11,92000 11,92000 

Kan. City, St. Jos. & Coun. Bluffs R.R. bonds, 2,220 00 2,220 00 

Atch., Topeka & Santa Fe R.R. bonds, . . 11,600 00 11,600 00 

Lombard Investment Co. bonds, ... 395 00 395 00 

Newport & Richford R.R. bonds, . . . 8,856 25 8,856 25 

Philadelphia & Reading R.R. bonds, . . 6,250 00 6,250 00 

Union Pacific Railway bonds, .... 3,570 00 3,570 00 

St. Johnsbury & Lake Champlain R.R. bonds, 7,800 00 7,800 00 

N. Y., N. H. & Hartford R.R. bonds, . . 5,750 00 5,750 00 

N. H. Trust Co. bonds, 1,000 00 1,000 00 

Old Colony R.R. bonds, 5,150 00 5,150 00 



28 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



12 shares Dedham National Bank, . 
32 " Dedham Water Co., 
128 " Atch , Top. & Santa Fe R.R., . 
50 " Union Pacific Railway, . 



Book Value. 

$1,296 00 
3,520 00 

12,000 00 
4,500 00 



Market Value. 

$1,296 00 
3,520 00 

12,000 00 
4,500 00 



$113,076 00 $113,076 00 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July, 1855.] 
THOMAS F. TEMPLE, President. W. D. C CURTIS, Secretary. 

Office, Neponset. 
Amount of permanent fund, f 200,000 00 

Income. 

Net premiums,* $198,960.08 ; extra premiums, $889.42, . $199,849 50 
Interest on mortgage loans, $1,050; stocks and bonds, 

$13,135.45, 14,185 45 

Rents, including company's own occupancy, .... 1,250 00 

Total income, 8215,284 95 

Ledger assets, Dec. 31, 1901, 261,457 39 



Total, $476,742 34 

Disbursements. 
Net amount paid for losses, $63,755 32 



Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Real estate taxes, $280.90 ; other taxes and fees, 82,619.09, 

All other disbursements, 



54,949 81 

28,096 39 

9,985 02 

800 00 

2,899 99 

3,184 90 



Total disbursements, $163,671 43 



Balance $313,070 91 



Ledger Assets. 

Real estate, $29,800 ; mortgages,! $25,300, 
Stocks and bonds (schedule A), 

Cash in banks, 

Agents' debits (gross), 



Total ledger assets, 



5,100 00 

211,410 90 

23,812 68 

22,747 33 

$313,070 91 



* Including $18,605.44 collected of previous years' premiums. 

t Value of land, $7,700; buildings, $35,000; insurance thereon, $27,20o. 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



29 



Non-Ledger Assets. 

Interest accrued on mortgages, . 

Rents due on company's property, .... 

Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 

All liabilities, except surplus, 

Surplus, 



Total liabilities, 



$312 49 

120 00 

134,924 30 

$448,427 70 



$5,920 00 

275,067 14 

4,325 00 

3,097 50 

$288,409 64 
160,018 06 

,427 70 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1901, $30,307,860 00 $478,321 15 
Risks written during 1902, . 11,096,776 00 183,860 29 



Total $41,404,636 00 

Risks expired and terminated, . 9,139,850 00 



$662,181 44 
141,523 36 



Conting't Prem's. 

$478,321 15 
183,860 29 

$662,181 44 
141,523 36 



In force at end of year, 



. $32,264,786 00 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

Fitchburg R'.R. bonds, . . 
Chicago, Burlington & Quincy R.R. bonds, 
56 shares Blue Hill National Bank, 



$520,658 08 $520,658 08 



$68,975 00 



10 " New England National Bank, 

29 " State National Bank, 

10 " Mt. Wollaston National Bank, 

5 " Granite National Bank, . 

5 " Weymouth National Bank, 

304 " Boston & Albany Railroad, . 

273 " Old Colony Railroad, 

75 " Boston & Maine Railroad, 

56 " Boston & Lowell Railroad, 

96 " Chadwick Boston Lead M'f'g Co., 

300 " International Trust Co., . 



$21,593 46 

9,828 33 

6,160 00 

1,402 50 

4,125 00 

1,400 00 

650 00 

600 00 

39,758 59 

37,430 02 

10,856 07 

7,378 57 

16,540 30 

53,688 06 



Market Value. 

$24,200 00 

11,075 00 

7,840 00 

1,550 00 

4,408 00 

1,400 00 

780 00 

550 00 

79,040 00 

57,603 00 

14,625 00 

13,664 00 

9,600 00 

120,000 00 



$211,410 90 $346,335 00 



30 FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.] 
RICHARD B. BORDEN, President pro tern. CHARLES S. WAKING, Secretary. 

Income. 

Net premiums, * $402,140 58 

Interest on bonds, $12,315.41; all other, $907.82, . . . 13,223 23 

Total income, $415,363 81 

Ledger assets, Dec. 31, 1901, 376,716 28 

Total, $792,080 09 

Disbursements. 

Net amount paid for losses, f 28,384 09 

Profits on terminated policies, 321,731 52 

Salaries, fees, etc , of officers and employees, .... 11,663 96 

Rents, . 871 00 

Taxes and fees, 4,216 84 

Inspections, 6,323 25 

All other disbursements, 2,021 11 

Total disbursements, 6375,211 77 

Balance, 8416,868 32 

Ledger Assets. 

Bonds (schedule A) $385,601 25 

Cash in banks and office, 26,098 16 

Agents' debits (gross), 5,168 91 

Total ledger assets, -5416,808 32 

Nun-Ledger Assets. 
Interest accrued : — 

On bonds, $5,466.66; other assets, f 120. 97, .... .58763 

Market value of bonds over book value, 12,743 75 

Gross assets, 8435,199 70 

Liabilities. 

Unpaid losses, $ 1,383 14 

Unearned premiums on outstanding risks, .... 198,261 22 

Salaries and other miscellaneous expenses, due or accrued, . 1.248 06 

All liabilities, except surplus, $200,892 42 

Surplus, 234,307 28 

Total liabilities, $435,199 70 

* Including $1,250.93 collected of previous years' premiums. 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



31 



Risks and Premiums. 

Amount. Cash Prem's 

Risks outstanding Dec. 31, 1901, $43,911,257 00 
Risks written during 1902, . 51,565,643 00 



Total $95,476,900 00 

Risks expired and terminated,. 46,490,326 00 



Conting't Prem's. 

$349,344 03 $1,746,720 15 
412,651 56 2,063,257 80 



$761,995 59 $3,809,977 95 
365,473 16 1,827,365 80 



In force at end of year, 



.$48,986,574 00 $396,522 43 $1,982,612 15 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 90.96 per cent. 



$28,422 00 



Schedule A. 



Bonds owned by the 



Taunton city bonds, . 

Fall River city bonds, 

Boston city bonds, 

Newport (R. I.) city bonds, 

Cleveland (O.) city bonds, 

Boston & Lowell R.R. bonds, 

Boston & Providence R.R. bonds, 

Concord & Montreal R R. bonds, 

Chicago, Burl. & Quincy R.R. bonds 

Phila., Wilm. & Bait. R.R. bonds, 

Old Colony R R. bonds, . 

Boston & Maine R.R. bonds, 

West End Street Railway bonds, 

Union Pacific R R. bonds, . 

Pitts., Bessemer & Lake Erie R.R. bonds, 



Company. 

Book Value. 

$15,900 00 

22,220 00 

42,200 00 

20,500 00 

26,250 00 

30,000 00 

20,175 00 

15,000 00 

15,000 00 

19,800 00 

30,900 00 

10,000 00 

72,956 25 

20,900 00 

23,800 00 



Market Value. 

$16,425 00 
22,220 00 
42,200 00 
21,900 00 
27,125 00 
30,650 00 
21,400 00 
16,050 00 
16,125 00 
21,200 00 
33,600 00 
11,250 00 
73,500 00 
20,900 00 
23,800 00 



$385,601 25 $398,345 00 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary. 



Amount of permanent fund, 



. $106,226 50 



Income. 

Net premiums,* $125,897.15; extra premiums, $452.43, . $126,349 58 
Interest on mortgage loans, $1,717.74; collaterals, $496.34; 

stocks and bonds, $4,133.44 ; all other, $441 .47, . . . 6,788 99 



* Including $10,000 collected of previous years' premiums. 



32 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



Rents, including company's own occupancy, 
From all other sources, .... 



Total income, 

Ledger assets, Dec. 31, 1901, 

Total 

Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $889.95 ; other taxes and fees, £2,443, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



$4,034 26 
42 88 

§137,215 71 
182,342 15 

$319,557 86 



$35,233 30 

30,830 19 

17,432 54 

8,936 06 

1,200 00 

2,339 72 

3,332 95 

350 00 

23,348 47 



Total disbursements, $123,003 23 



Balance, §196,554 63 



Ledger Assets. 

Real estate, $71,000; mortgages,* §33,075, . 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 debits (gross), 



Total ledger assets, . . ... 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, §957.80; stocks and bonds, §297.92: col- 
lateral loans, $74.16, 

Rents due on company's property, 

Market value of stocks and bonds over book value, 



§104,075 00 

11,800 00 

63,855 00 

3,385 27 

13,439 36 

$196,554 63 



1,329 88 

226 52 

11,655 00 



Gross assets, . $209,766 03 

Liabilities. 
Unpaid losses, including §1,000 resisted, §7,141.07; less 

reinsurance, §1,000, §6,141 07 

Unearned premiums on outstanding risks, .... 136,011 20 

Interest due or accrued, 172 28 

Dividends due policy holders, 2,215 69 



* Value of laud, 820,400; buildings, $43,500; insurance thereon, $40,790. 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



33 



Commissions and other charges due agents and brokers, 
Borrowed money, 



All liabilities, except surplus, . 
Surplus, 



$2,015 90 
20,450 00 

$167,006 14 
42,759 89 



Total liabilities $209,766 03 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1901, $18,189,313 00 
Risks written during 1902, . 8,138,609 00 



Total, $26,327,922 00 

Risks expired and terminated, . 7,327,730 00 

In force at end of year, . . $19,000,192 00 
Amount reinsured, . . . 453,978 00 



Cash Prem'8. 

$241,767 60 
123,084 19 

$364,851 79 
101,534 09 

$263,317 70 
6,938 73 



Conting't Prem's. 

$241,767 60 
123,084 19 

$364,851 79 
101,534 09 

$263,317 70 
6,938 73 



Net amount in force, 



$18,546,214 00 $256,378 97 $256,378 97 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 50 per cent. 

Schedule A. 
Securities held as Collateral. 

Market Value. 

$12,000 00 



$37,553 00 



80 shares Simonds' Manufacturing Co., . 
90 " Isle Royal Mining Co., . 
20 " Amalgamated Copper Co., 
100 " Hollingsworth & Vose Co., . 
2 " Fitchburg Savings Bank books, 

Schedule B. 

Stocks and Bonds owned by the 



Fitchburg & Leominster Street R'y bonds, 

Investment Trust Co. of America bonds, . 

Northern Pacific R.R. bonds, . 

Maine Central R.R. bonds, . . 

City of Somerville note, .... 

10 shares Fitchburg National Bank, 

20 

70 

15 

50 

25 

10 



1,080 00 >| 
1,200 00 y 
12,500 00 J 
1,659 00 



Loaned Thereon. 

$6,200 00 
4,000 00 
1,600 00 



$28,439 00 $11,800 00 



Rollstone National Bank, . 

Fitchburg Railroad, . 

Springfield Safe Dep. & Trust Co., 

Pullman Palace Car Co., . 

N. Y., New Haven & Hart. R.R., 

Boston & Maine R.R., 



Company. 

Book Value. 

$5,000 00 
2,500 00 

10,450 00 
6,100 00 

15,000 00 
1,000 00 
2,000 00 
7,930 00 
1,500 00 
7,875 00 
2,500 00 
2,000 00 



Market Value. 

$5,600 00 

2,500 00 

10,375 00 

6,100 00 

15,000 00 

1,500 00 

3,000 00 

9,940 00 

2,430 00 

11,500 00 

5,625 00 

1,940 00 



$63,855 00 $75,510 00 



34 FRANKLIN MUTUAL FIRE INSURANCE CO. 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, 

GREENFIELD. 

[Incorporated Feb. 11, 1828. Commenced business Sept. 29, 1829.] 
FRANK A. COLLEY, President. JOHN D. BOWKER, Secretary. 

Boston Office, 227 228 Board of Trade Building. 

Income. 

Net premiums, $13,166 04 

Disbursements. 

Net amount paid for losses, $ 1,309 08 

Commissions or brokerage, 2,349 17 

Salaries, fees, etc., of officers and employees, .... 933 83 

Taxes and fees, 57 68 

Total disbursements, $4,649 76 

Balance, £8,516 28 

Ledger Assets. 

Cash in banks, $2,457 17 

Agents 1 debits (gross), 6,059 11 

Total ledger assets, $8,516 28 

Assets not admitted. 

Agents' debits over three months due, 523 05 

Total admitted assets, f 7,993 23 

Liabilities. 

Unpaid losses, 6176 80 

Unearned premiums on outstanding; risks, .... 6,737 45 

All liabilities, except surplus, § 6,91 4 25 

Surplus, 1,078 98 

Total liabilities, §7,993 23 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1902, $946,25100 813,166 04 f 13,166 04 

Miscellaneous. 

Losses incurred during the year, ?1,486 00 



GROVELAND MUTUAL FIRE INSURANCE CO. * 35 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on 
deposit notes to pay losses and expenses.] 

Income. 

Policy fees, $306 00 

Assessments, 788 13 

Borrowed money, 1,350 00 

Total income, $2,444 13 

Ledger assets, Dec. 31, 1901, 414 42 

Total, $2,858 55 

Disbursements. 

Net amount paid for losses, $1,333 98 

Commissions or brokerage, 220 78 

Salaries, fees, etc., of officers and employees, .... 567 00 

Rents, including company's own occupancy, .... 40 00 

Taxes, 4 57 

All other disbursements, 78 30 

Total disbursements, $2,244 63 

Balance, $613 92 

Ledger Assets. 

Cash in banks and office, $613 92 

Non-Ledger Assets. 

Furniture, fixtures and safe, 175 00 

Gross assets, $788 92 

Assets not admitted. 

Furniture, fixtures and safe, 175 00 

Total admitted assets, $613 92 

Liabilities. 

Interest due or accrued, $75 22 

Borrowed money, 1,950 00 

Total liabilities, $2,025 22 



36 HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1902, 



Risks and Premiums. 

Amount Conting't Prem's. 

$1,681,626 00 £126,051 16 

372,214 00 29,019 00 



$2,053,840 00 6155,070 16 
321,328 00 20,890 00 



Total, . ' 

Risks expired and terminated, . 

In force at end of year, .... 

Miscellaneous 

Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 788 00 



$1,732,512 00 $134,180 16 



$1,334 00 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, I 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary. 

Amount of permanent fund, $27,523 66 

Income. 

Net premiums, $15,730.41 ; extra premiums, $94.68, . . $15,825 09 
Interest on mortgage loans, $ 1,169. 50; stocks and bonds, 

$1,010; all other, $185.10, 2,36460 



Total income, $18,189 69 

Ledger assets, Dec. 31, 1901, 41,738 70 

Total, $59,928 39 

Disbursements. 

Net amount paid for losses, $4,217 59 

Profits on terminated policies, 5,778 28 

Commissions or brokerage, 1,745 64 

Salaries, fees, etc., of officers and employees, . . . . 1,460 50 

Rents, 150 00 

Taxes and fees, 146 67 

All other disbursements, 307 14 

Total disbursements, $13,805 82 

Balance, $46,122 57 

Ledger Assets. 

Mortgages,* $21,600 00 

Stocks and bonds (schedule A), 15,812 50 

Cash in banks and office, 8,349 13 

Agents' debits (gross), 360 94 

Total ledger assets, $46,122 57 

* Value of land, $17,900; buildings, $3A,500; insurance thereon, $27,700. 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 37 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $366.13; stocks and bonds, $436.67; other 

assets, $59.53, $862 33 

Market value of stocks and bonds over book value, . . 11,597 50 



Gross assets, $58,582 40 

Assets not admitted. 
Agents' debits, over three months due, , .... 86 10 

Total admitted assets, 

Liabilities. 
Unearned premiums on outstanding risks, . 

Dividends due policy holders, 

Salaries and other miscellaneous expenses due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, 

All liabilities, except surplus, 

Surplus, 



$58,496 


30 


$27,467 


99 


263 


89 


32 


87 


51 


32 


17 


75 


$27,833 82 


30,662 


48 



Total liabilities, $58,496 30 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $3,593,921 00 $54,238 30 $54,238 30 

Risks written during 1902, . 1,016,056 00 16,07177 16,07177 



Total, $4,609,977 00 $70,310 07 $70,310 07 

Risks expired and terminated, . 990,591 00 14,306 75 14,306 75 



In force at end of year, . . $3,619,386 00 $56,003 32 $56,003 32 

Miscellaneous. 

Losses incurred during the year, $4,218 00 

Profits or surplus returned during 1902, 20, 40 and 50 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

63 shares Conn. River R.R., .... $6,650 00 $17,640 00 

10 " Northampton National Bank, . . 1,100 00 2,000 00 

Conn. River R R. scrip dividend, . . . 1,000 00 1,000 00 

Northern Pacific Great Northern bonds, . . 6,000 00 5,700 00 

West End St. R'y Co. bond, .... 1,062 50 1,070 00 



$15,812 50 $27,410 00 



38 



H INGHAM MUTUAL FIRE INSURANCE CO. 



HIXGHAM MUTUAL FIRE INSURANCE COMPANY, HIXGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 

WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary. 

Amount of permanent fund, $193,042 98 

Income. 

Net premiums, $106,919.17 ; extra premiums, $1,493.86, . $108,413 03 
Interest on mortgage loans, 85,068.58 ; collaterals, 82,573.33 ; 

stocks and bonds, $4,907.70 ; all other, 8345.38, . . . 12,894 99 

Rents ' 1,992 00 



Total income, $123,300 02 

Ledger assets, Dec. 31, 1901, 327,076 08 



Total, $450,376 10 

Disbursements. 
Net amount paid for losses, 



Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, 8911.82 ; other taxes and fees, 81,114 
All other disbursements, 



Total disbursements, 
Balance, 



27, 



Ledger Assets. 

Real estate, $34,886.84; mortgages,* $106,875, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 



Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, 81,457.55; stocks and bonds, 8581.66 

lateral loans, 81,299.49 ; other assets, $32, . 
Rents due on company's property, .... 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



col- 



$31,472 14 

62,061 20 

15,219 83 

6,717 69 

700 00 

188 33 

2,026 09 

2,77- 

8121,163 40 

$329,212 70 



$141,761 84 

72,923 11 

89,700 00 

21,121 66 

3,706 09 

$329,212 70 



3,370 70 


155 00 


254 16 


32,390 00 


8365,382 56 



* Value of land, $56,575; buildings, $109,400; insurance thereon, $119,950. 



HINGHAM MUTUAL FIRE INSURANCE CO. 



39 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 
Due for return premiums, 

All liabilities, except surplus, 

Surplus, 



Total liabilities, 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1901,|27,274,285 00 $405,802 20 
Risks written during 1902, . 7,371,947 00 110,762 48 



Total, $34,646,232 00 f 516,564 68 

Risks expired and terminated, . 7,862,556 00 118,113 47 



In force at end of year, 



. $26,783,676 00 f 398,451 21 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



$216 


21 


211,296 


24 


6,383 


29 


514 


24 


79 


00 


$218,488 98 


146,893 58 


$365,382 


56 


Conting't Prem's. 


$405,802 


20 


110,762 


48 


$516,564 68 


118,113 47 


$398,451 


21 


$30,976 


00 



Schedule A. 

Securities held as Collateral. 



United States Steel Corporation bonds, 
Rubber Goods Mfg. Co. bonds, 
Little Rock & Fort Smith R.R. bonds, 
Colorado & Southern R.R. bonds, 
International Paper Co. bonds, 
International Paper Co. stock, . 
Helena Water Co. bonds, . 
Helena Water Co. scrip, . 



Market Value. . Loaned Thereon 

$26,400 00 



7,800 00 
10,000' 00 

5,565 00 
10,800 00 
21,600 00 

1,000 00 
17,200 00 



$20,000 00 
12,000 00 
25,000 00 
15,923 11 



Schedule B. 



$100,365 00 $72,923 11 



Stocks and Bonds owned by the Company. 



30 shares Hingham Nat'l Bank, Hingham, 

60 " Old Colony Nat'l Bank, Plymouth, 

8 " Abington Nat'l Bank, Abington, 

12 " Union National Bank, Boston, 

11 " Commerce Nat'l Bank, Boston, 

30 " Webster Nat'l Bank, Boston, . 

50 " Hingham Water Company, . 



Book Value. 

$3,000 00 
6,000 00 
800 00 
1,200 00 
1,100 00 
3,000 00 
5,000 00 



Market Value. 

$3,150 00 
6,720 00 
800 00 
2,040 00 
1,650 00 
3,540 00 
6,250 00 



40 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



92 shares Old Colony R.R., . 
109 " Boston & Albany R.R., 

25 " Union Pacific R.R., . 
Eastern R.R. bonds, . 
Union Pacific R.R. bonds, . 
Hingham Water Co. bonds, 
No. Pacific & Gt. Northern R.R. bonds, 
Illinois Central R.R. bonds, 



Book Value. 

$9,200 00 

10,900 00 
2,500 00 
5,000 00 
5,000 00 

10,000 00 
7,000 00 

20,000 00 



Market Value. 

§19,044 00 

28,231 00 

2,350 00 

5,350 00 

5,200 00 

10,050 00 

6,790 00 

20,925 00 



,700 00 $122,090 00 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23 f 1843.] 

CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary. 

Guaranty Capital, $100,000. 

Amount of permanent fund Dec. 31, 1901, 

Increase during the year, 



Permanent fund Dec. 31, 1902, 

Income. 

Net premiums,* $140,920.87 ; extra premiums, §681.50, 
Interest on mortgage loans, $ 1,950. 08; stocks and bonds, 

$33,440.95; all other, $ 168. 86, . 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



$494,105 40 


18,267 34 


$512,372 74 


$141,602 37 


35,559 89 


4,125 00 


161 25 


296 44 



$181,744 95 
810,163 35 

§991,908 30 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $673.54 ; other taxes and fees, $1,058.85, 

Dividends to guaranty capital, 

All other disbursements, 



$49,176 63 

62,678 78 

19,788 H 

17,450 71 

1,500 00 

1,394 45 

1,732 39 

7,000 00 

5,934 95 

Total disbursements, $166,656 05 



Balance, $825,252 25 



* Including $1,112.87 collected of previous years' premiums. 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



41 



Ledger Assets 
Real estate, $60,360 ; mortgages,* $58,000, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' debits (gross), .... 

Total ledger assets, .... 



$118,360 00 

678,930 00 

15,087 08 

12,875 17 

$825,252 25 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $429.74; stocks and bonds, $8,507.32 ; other 

assets, $274.24, 

Rents due on company's property, . 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value 
Commissions on unpaid return premiums, 

Gross assets, 



9,211 30 

2,179 36 

2,000 00 

93,981 75 

102 81 

$932,727 47 



Assets not admitted. 
Depreciation in book value of mortgage loans, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $3,422.95 resisted, . 
Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 
Due for return premiums, 

All liabilities, except surplus, 

Surplus, 



5,000 00 
$927,727 47 



$10,602 47 

277,425 82 

7,914 82 

2,045 14 

663 09 

$298,651 34 
629,076 13 



Total liabilities, $927,727 47 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's . 

Risks outstanding Dec. 31, 1901, $39,047,355 00 $562,678 50 $562,678 50 

Risks written during 1902, . 10,232,550 00 148,428 23 148,428 23 

Total, $49,279,905 00 $711,106 73 $711,106 73 

Risks expired and terminated, . 10,782,539 00 153,847 91 153,847 91 

In force at end of year, . . $38,497,366 00 $557,258 82 $557,258 82 

Amount reinsured, . . . 383,405 00 6,193 66 6,193 66 



Net amount in force, 



,113,961 00 $551,065 16 $551,065 16 



* Value of land, $20,000; buildings, $53,600; insurance thereon, $53,000. 



42 



HOLYOKE MTTl'AL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



$55,541 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Allen County (Ind.) bonds $10,000 00 $10,000 00 

Wayne County (Mich.) bonds, .... 10,000 00 10,150 00 

Marion County (Ind.) bonds, .... 5,000 00 5,100 00 

Washington County (111.) bonds, . . . 2,000 00 2,000 00 

Boston (Mass.) city bonds, .... 5,000 00 5,168 75 

Cincinnati (Ohio) city bonds, .... 5,000 00 5,200 00 

Columbus (Ohio) city bonds, .... 10,000 00 10,900 00 

Cleveland (Ohio) city bonds 8,000 00 8,320 00 

Cambridge (Mass.) city bonds, . . . 5,000 00 5,525 CO 

Dayton (Ohio) city bonds, .... 5,000 00 5,000 00 

Evansville (Ind.) city bonds, .... 6,000 00 6,225 00 

Dover (N. H.) city bonds, .... 5,000 00 5,012 50 

Jersey City (N. J.) city bonds, . . . 5,000 00 5,550 00 

Lynn"(Mass.) city bonds, 8,000 00 8,510 00 

Lawrence (Mass.) city bonds, .... 5,000 00 5,450 00 

Maiden (Mass.) city bonds, .... 10,000 00 10,250 00 

Orange (X. J.) city bonds, .... 10,000 00 11,900 00 

Pawtucket (R. I ) city bonds, . ' . . . 10,000 00 10,700 00 

Province of Quebec bonds 3,000 00 3,150 00 

St. Paul (Minn.) city bonds 25,000 00 27,975 00 

Boston & Lowell R.R. bonds, .... 6,000 00 6,372 50 

Atchison, Topeka & Santa Fe R.R. bonds, . 14,000 00 14,280 00 

Boston & Maine R.R. bonds, .... 10,000 00 10,075 00 

Baltimore & Ohio R.R. bonds 12,000 00 10,923 75 

Burl. & Missouri River R.R. (Neb.) bonds, . 10,000 00 10,000 00 

Cincin., Hamilton & Dayton R.R. bonds, . . 10,000 00 11,375 00 

Chesapeake & Ohio RR. bonds, . . . 10,000 00 11,050 00 

Cleveland, L. & Wheeling RR, bonds, . . 15,000 00 17,100 00 

Chicago & Alton R R. bonds, .... 5,000 00 5,000 00 

Chicago & E. Illinois Railroad bonds, . . 5,000 00 5.375 00 

Chicago & West Indiana R.R. bonds, . . 8,000 00 9,200 00 

Central Pacific R.R. bonds, .... 3,500 00 3,447 50 

Central New Jersey R.R. bonds, . . . 7,000 00 9,485 00 

Consolidated Vermont R.R. bonds, . . . 2,000 00 1,720 00 

Erie & Pittsburg R.R. bonds, .... 5,000 00 5,000 00 

Cleveland Electric R'y bonds 2,000 00 2,090 00 

Delaware & Hudson Canal Co. bonds, . . 5,000 00 5,750 00 

Fitchburg R.R. bonds, 10,000 00 10,650 00 

Hocking Valley R'y bonds, .... 5,000 00 5,000 00 

Housatonic R.R. bonds 10,000 00 13,025 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



43 



Kan. City, St. Jos. & C. B. R.R. bonds, 

Kan. City, Ft. S. & Memphis R.R. bonds 

Lehigh Valley R.R. bonds, 

Maine Cent., European & No. Am. R.R. bonds 

Mass. Electric Co. bonds, . 

N. Y. Central R.R. bonds, 

Northern Pacific & Gt. Northern R.R. bonds, 

Norwich & Worcester R.R. bonds, . 

New England R.R. bonds, 

Narragansett Pier R.R. bonds. . 

New Haven & Derby R.R. bonds, . 

Northwestern Union R.R. bonds, 

N. Y., Ontario & Western R.R. bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, 

Old Colony R.R. bonds, . 

Terre Haute & Southeastern R.R. bonds, 

Union Pacific R.R. bonds, . 

Pennsylvania Co. bonds, . 

Third Avenue, N. Y., bonds, 

West End R.R., Boston, bonds, 

Schenectady R'y bonds, . 

Terminal R'y Asso., St. Louis, bonds, 

Hudson River Power Trans. Co. bonds, 

American Tel. & Telegraph Co. bonds, 

Boston BTg Co. (Denver, Col.) bonds, 

Salem Electric Lighting Co. bonds, . 

American Mail Steamship Co. bonds, 

American Cotton Oil Co. bonds, 

Clinton Waterworks bonds (Clinton, la.), 

Keokuk Water Works bonds, . 

Western Union Telegraph Co. bonds, 
50 shares Boston & Maine R.R., 
31 " Old Colony R.R., . 

155 « N. Y., N. H. & Hart. R.R, 

100 " Pitts, Ft. Wayne & Chic. R.R 

162 " Union Pacific R.R, . 
10 " First National Bank, Salem, 
10 " Merchants' National Bank, Salem, 
35 " Mercantile National Bank, Salem, 
41 " Naumkeag National Bank, Salem, 
93 " Salem National Bank, Salem, 

30 " Atlantic National Bank, Boston, 
10 " Bl'ks'e N'l B'k, Bos. (in liquidat'n) 

31 " Freeman's National Bank, Boston, 
100 " Merchants' National Bank, Boston 

50 " Republic National Bank, Boston, 
10 " National Shawmut Bank, Boston, 
100 " Second National Bank, Boston, 



Book Value. 

$5,000 00 

13,000 00 

15,000 00 

4,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

25,000 00 

10,000 00 

20,000 00 

8,000 00 

20,000 00 

10,000 00 

15,000 00 

5,000 00 

27,500 00 

5,000 00 

2,000 00 

3,000 00 

5,000 00 

3,000 00 

2,000 00 

5,000 00 

10,000 00 

2,000 00 

3,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 

3,100 00 

5,500 00 

10,000 00 

16,200 00 

1,000 00 

500 00 

3,500 00 

4,100 00 

9,300 00 

3,000 00 

230 00 

3,100 00 

10,000 00 

5,000 00 

1,000 00 

10,000 00 



Market Value. 

$5,600 00 

15,860 00 

16,650 00 

4,360 00 

5,025 00 

4,955 00 

4,800 00 

5,525 00 

32,500 00 

10,000 00 

23,000 00 

10,920 00 

20,300 00 

11,212 50 

16,362 50 

5,500 00 

28,781 25 

4,800 00 

1,960 00 

3,090 00 

5,200 00 

3,360 00 

2,000 00 

4,925 00 

10,000 00 

2,000 00 

3,000 00 

9,975 00 

5,000 00 

9,800 00 

5,575 00 

9,650 00 

6,386 00 

12,182 50 

19,000 00 

14,904 00 

800 00 

325 00 

3,500 00 

5,125 00 

9,300 00 

3,840 00 

230 00 

3,348 00 

19,100 00 

7,950 00 

2,430 00 

18,950 00 



44 INDUSTRIAL MUTUAL INSURANCE CO. 

Book Value. Market Value. 

10 shares Beverly National Bank, . . . $1,000 00 $ 1,450 00 

40 " N'l Exc. B% Salem (in liquidat'n), . 1,400 00 1,400 00 

10 " Colorado Mining Exch. Building, . 10,000 00 10,000 00 

20 " H. B. Claflin Co., N. Y., . . . 2,000 00 2,000 00 



$678,930 00 8772,911 75 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890.] 
O. H. SAMPSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums * $239,604 46 

Interest on bonds, 6,151 70 

Total income, $245,756 16 

Ledger assets, Dec. 31, 1901, 169,118 59 

Total, $414,874 75 

Disbursements. 

Net amount paid for losses, $61,208 30 

Profits on terminated policies, 160,184 12 

Salaries, fees, etc , of officers and employees, .... 5,265 12 

Taxes and fees, 2,963 03 

Inspections, 3,037 22 

All other disbursements, 14,684 24 

Total disbursements, $247,342 03 

Balance, 0167,532 72 

Ledger Assets. 

Bonds (schedule A), $132,000 00 

Cash in banks and office, 33,600 28 

Agents' debits (gross), 1,932 44 

Total ledger assets, $167,532 72 

Non-Ledger Assets. 

Interest due and accrued on bonds, 2,127 49 



Gross assets $169,660 21 

* Including $6,636.34 collected of previous years' premiums. 



INDUSTRIAL MUTUAL INSURANCE CO. 45 



Assets not admitted. 
Depreciation in book value of bonds, $3,092 50 



Total admitted assets, $166,567 71 



Liabilities. 

Unpaid losses, including $ 7,399. 45 resisted, .... $8,04491 

Unearned premiums on outstanding risks, .... 114,143 19 

Taxes, 344 42 

All liabilities, except surplus, $122,532 52 

Surplus, 44,035 19 

Total liabilities, $166,567 71 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $23,767,927 00 $207,617 88 $1,038,089 40 

Risks written during 1902, . 28,841,057 00 246,576 32 1,232,881 60 



Total $52,608,984 00 $454,194 20 $2,270,971 00 

Risks expired and terminated, . 26,865,712 00 225,907 83 1,129,539 15 



In force at end of year, . $25,743,272 00 $228,286 37 $1,141,431 85 

Miscellaneous, 

Losses incurred during the year, $31,964 00 

Profits or surplus returned during 1902, 67.75 per cent. 

Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 



Boston & Lowell R.R. bonds, . 
N. Y. Central & Hudson River R.R. bonds, 
Chicago Terminal Transfer R.R. bonds, . 
N. E. Telephone & Telegraph Co. bonds, 
Amer. Telephone & Telegraph Co. bonds, 
American Writing Paper Co. bonds, 
West End Street Railway bonds, 
Fitchburg R.R. bonds, .... 
Lynn & Boston Street Railway bonds, 
Maine Central R.R. bonds, 



$5,000 00 $5,062 50 

10,000 00 9,350 00 

10,000 00 8,500 00 

35,000 00 36,662 50 

17,000 00 16,745 00 

20,000 00 15,200 00 

10,000 00 10,400 00 

15,000 00 16,200 00 

5,000 00 5,4C0 00 

5,000 00 5,387 50 



$132,000 00 $128,907 50 



46 LOWELL MUTUAL FIRE INSURANCE CO. 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832.] 
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary. 

Permanent fund Dec. 31, 1901, $100,482 24 

Income. 

Net premiums,* §62,745.91 ; extra premiums, §305.84, . . $63,051 75 
Interest on mortgage loans, $924.75; stocks and bonds, 

§5,846; all other, §58.74, 6,829 49 

From all other sources, 1,695 30 

Total income, §71,576 54 

Ledger assets, Dec. 31, 1901, 151,802 43 

Total, §223,378 97 

Disbursements. 

Net amount paid for losses, §15,271 14 

Profits on terminated policies, 18,098 17 

Commissions or brokerage, 7,530 73 

Salaries, fees, etc., of officers and employees, .... 6,940 00 

Rents, 650 00 

Taxes and fees 642 69 

All other disbursements, 2,584 55 

Total disbursements, $51,717 28 

Balance, §171,661 69 

Ledger Assets. 

Mortgages,! §16,150 00 

Stocks and bonds (schedule A), 112,400 00 

Cash in banks and office, . 34,058 85 

Agents 1 debits (gross), 9,052 84 

Total ledger assets §171,661 69 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $207.85; stocks and bonds, §2,057.75, . . 2,265 60 

Market value of stocks and bonds over book value, . . 22,594 00 

Gross assets, $196,521 29 

* Including So.2S4.40 collected of previous years' premiums. 

t Value of land, $19,400; buildings, $19,900; insurance thereon, $16,500. 



LOWELL MUTUAL FIRE INSURANCE CO. 



47 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 

All liabilities, except surplus, 

Surplus, 



Total liabilities, . 



$1,457 32 

78,027 18 

2,536 83 

1,246 65 

$83,267 98 

113,253 31 

8196,521 29 



Risks and Premiums. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1902, 

Total 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Amount. 

(8,863,521 00 

3,697,727 00 

,561,248 00 

3,164,762 00 

9,396,486 00 

71,612 00 



Cash Prem's. Conting't Prem's. 

$137,774 62 $137,774 62 
58,656 09 58,656 09 



$196,430 71 $196,430 71 
47,243 06 47,243 06 



$149,187 65 $149,187 65 
971 34 971 34 



$9,324,874 00 $148,216 31 $148,216 31 



Miscellaneous . 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



$16,220 00 



Schedule A. 

Stocks and Bonds owned by the 



Portland & Rumford R.R. bonds, 
Boston & Maine R.R. bonds, . 

United States bonds, 

Boston & Lowell R.R. bonds, . 
Fitchburg R.R. bonds, .... 
Central R.R. of Vermont bonds, 

Boston city bond, 

Maine Central R.R. bonds, 

16 shares Lowell Bleachery, . 
2 " Pacific Mills, .... 

16 " Lawrence Manufacturing Co., 
2 " Hamilton Manufacturing Co., 

50 " Massachusetts Cotton Mills, . 

36 " Appleton Co., .... 
132 " Merrimack Manufacturing Co., 

50 " Franklin Mfg. Co., Lewiston, Me., 

30 " Hill Mfg. Co., Lewiston, Me., . 
6 " Vermont & Massachusetts R.R., 

30 " Boston & Maine R.R., . 



Company. 

Book Value. 

$3,000 00 
4,000 00 
1,000 00 

19,000 00 

10,000 00 
1,000 00 
2,000 00 
6,000 00 
1,600 00 
2,000 00 
1,600 00 
2,000 00 
5,000 00 
3,600 00 

13,200 00 

5,000 00 

3,000 00 

600 00 

3,000 00 



Market Value. 

$3,210 00 
4,060 00 
1,080 00 

19,975 00 

10,480 00 
860 00 
2,240 00 
6,270 00 
1,600 00 
4,325 00 
1,936 00 
1,499 00 
4,800 00 
4,392 00 

12,012 00 
5,000 00 
1,515 00 
1,047 00 
5,820 00 



48 LUMBER MUTUAL FIRE INSURANCE CO. 



20 shares Boston & Lowell R.R., 

16 " Union National Bank, Lowell, 

65 " Lowell & Andover R.R., . 

70 " Bigelow Carpet Co., . 

50 " American Woolen Co., 

37 " Lowell Gas Light Co., 



Book Value. Market Value. 

$2,000 00 $4,780 00 

1,600 00 2,848 00 

6,500 00 14,625 00 

7,000 00 7,420 00 

5,000 00 3,950 00 

3,700 00 9,250 00 



$112,400 00 $134,994 00 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.J 
WM. C JOHNSON, President. EDWARD J. JOHNSON, Secretary. 

Office, 53 State Street. 
Income. 

Net premiums, * $87,673 52 

Interest on mortgage loans, $120 ; personal, $125 ; bonds, $75 ; 

allother, 12,486.22, 2,806 22 

From all other sources, 196 84 

Total income, $90,676 58 

Ledger assets, Dec. 31, 1901, 71,985 05 

Total, $162,661 63 

Disbursements. 

Net amount paid for losses, $25,080 07 

Profits on terminated policies, 15,602 10 

Salaries, fees, etc., of officers and employees, .... 10,170 25 

Rents, including company's own occupancy, .... 736 03 

Taxes and fees, 959 82 

All other disbursements, 7,169 87 

Total disbursements, $59,718 14 

Balance, $102,943 49 

Ledger Assets. 

Mortgages,! $1,800 00 

Loans on personal security, 5,000 00 

United States bonds, 2,728 75 

Cash in banks and office, 85,832 32 

Agents 1 debits (gross), 7,582 42 

Total ledger assets, $102,943 49 

Non-Ledger Assets. 

Interest due and accrued on savings bank deposits, . . 159 71 

Gross assets, $103,103 20 

* Including $3,459.30 collected of previous years' premiums. 

t Value of land, $1,000; buildings, $3,400; insurance thereon, $2,-200. 



LYNN MUTUAL FIKE INSURANCE CO. 49 



Assets ¥Ot admitted. 

Agents' debits over three months due, . . $130 96 

Depreciation in book value of bonds, . . 17 50 

Total unadmitted assets, .... $148 46 

Total admitted assets, $102,954 74 

Liabilities. 

Unpaid losses, including $ 1,000 resisted, $2,000 00 

Unearned premiums on outstanding risks, .... 41,288 49 

Inspections, 116 58 

All liabilities, except surplus, $43,405 07 

Surplus, 59,549 67 

Total liabilities, $102,954 74 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $2,661,279 00 $60,796 34 $182,389 02 

Risks written during 1902, . 3,663,317 00 94,348 16 283,044 48 

Total, 86,324,596 00 $155,144 50 $465,433 50 

Risks expired and terminated, . 3,069,361 00 72,567 52 217,702 56 

In force at end of year, . . $3,255,235 00 $82,576 98 $247,730 94 

Miscellaneous. 

Losses incurred during the year, $23,493 00 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 

Income. 

Net premiums,* $6,261.77; extra premiums, $3.75, . . $6,265 52 
Interest on mortgage loans, $2,079.94; stocks and bonds, 

$1,295.75; all other, $22.43, 3,398 12 

Rents, 443 75 

Total income, $10,107 39 

Ledger assets, Dec. 31, 1901, 59,075 74 

Total $69,183 13 

Disbursements. 

Net amount paid for losses, $3,041 67 

Profits on terminated policies, 4,743 12 

Salaries, fees, etc., of officers and employees, .... 2,270 00 

* Including $48.60 collected of previous years' premiums. 



50 



LYNN MUTUAL FIRE INSURANCE CO. 



Rents, 

Repairs and expenses on real estate, . 

Real estate taxes, $79.76 ; other taxes and fees, $56.53, 

Loss on sale or maturity of ledger; assets, 

All other disbursements, 



$432 00 

60 10 

136 29 

516 74 

284 87 



Total disbursements, $11,484 79 



Balance, $57,698 34 

Ledger Assets. 
Real estate, $5,962.95; mortgages,* §27,350, . 



Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Loan on personal security, 

Total ledger assets, . 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $709.39 ; stocks and bonds, $284.42, 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



Assets not admitted. 

Agents' debits over three months due, 
Loan on personal security, .... 
Total unadmitted assets, .... 

Total admitted assets, .... 

Liabilities. 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



$232 86 
75 00 



Total liabilities, 



Risks and Premiums. 



$33,312 95 

23,472 93 

379 56 

457 90 

75 00 

$57,698 34 



993 81 

162 00 

287 05 

5,304 17 

$64,445 37 






$64,137 51 



$15,067 84 

451 90 

$15,519 74 

48,617 77 

$64,137 51 



Amount. 

Risks outstanding Dec. 31,1901, $2,174,346 00 
Risks written during 1902, . 488,558 00 



Cash Frem's. Conting't Prem's. 

$29,479 35 $58,958 70 
6,490 48 12,980 96 



Total $2,662,904 00 

Risks expired and terminated, . 474,775 00 



$35,969 83 
6,378 94 



$71,939 66 
12,757 88 



In force at end of year, 



§2,188,129 00 $29,590 89 $59,181 78 



* Value of land, $25,550; buildings, $29,650; insurance thereon, $36,200. 



merchants' and farmers' mutual FIRE INSURANCE CO. 51 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 30, 60 and 80 per cent. 



$3,042 00 



Schedule A. 



Stocks and Bonds owned by the Company. 

Book Value. 

$1,025 00 
515 00 



Chicago, Milwaukee & St. Paul R.R. bond, 
Southern Pacific of California R.R. bond, 
Atlantic & Pacific R.R. bond, . 
Mexican Central R R. bond, 
Chicago & Great Western R.R. bonds, 
Ohio & West Virginia R.R. bond, . 
Ogdensburg & Lake Champlain R.R. bonds, 
Equitable Securities Co. bonds, 
United Electric Securities bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
40 shares First National Bank, Lynn, 



20 " 
5 " 
10 " 
15 " 
45_ 2 - " 



National City Bank, Lynn, 
Central National Bank, Lynn, . 
Merchants' National Bank, Boston, 
West Newton First National Bank, 
Atchison, Topeka & Santa Fe R.R., 



773 50 

2,020 00 

1,000 00 

2,050 00 

800 00 

1,032 50 

1,911 36 

4,000 00 

2,000 00 

500 00 

1,392 50 

1,500 00 

2,953 07 



Market Value. 

$1,120 00 

510 00 
99 00 

700 00 
2,100 00 
1,100 00 
2,020 00 

680 00 
1,032 50 
2,461 00 
5,200 00 
3,000 00 

750 00 
1,900 00 
1,725 00 
4,379 60 



$23,472 93 $28,777 10 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary. 

Amount of permanent fund, f 121,574 43 



Income. 

Net premiums,* $109,061.50; extra premiums, $ 432. 74, . $109,494 24 
Interest on mortgage loans, $777.52; collaterals, $537.50; 

stocks and bonds, $5,150.25 ; all other, $311.18, . . . 6,776 45 

Rents, n4,533 90 

Total income, $120,804 59 

Ledger assets, Dec. 31, 1901, . 223,454 98 

Total, $344,259 57 

* Including $7,092.11 collected of previous years' premiums. 



52 merchants' and farmers' mutual fire INSURANCE CO. 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, §745.60 ; other taxes and fees, $1,525 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



Total disbursements, 
Balance, 



34, 



Ledger Assets. 

Real estate, $60,482.35; mortgages,* $33,862, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 



Total ledger assets, 



Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $609.31; stocks and bonds, $1,038.50; col- 
lateral loans, $14.79 ; other assets, $38.81, . 

Market value of real estate over book value, . 

Market value of stocks and bonds over book value, 



Gross assets, 



Assets not admitted. 
Agents' debits over three months due, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $832.58 resisted, 
Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers 
Due for return premiums, 

All liabilities, except surplus, .... 
Surplus, 



Total liabilities, . 



6,570 27 

38,810 63 

15,465 22 

7,439 00 

600 00 

394 56 

2,270 94 

141 62 

3,280 58 

$104,972 82 

$239,286 75 



$94,344 35 
10,750 00 

107,995 43 

19,935 13 

6,261 84 

8239,286 75 



1,701 41 

2,517 65 

10,273 99 

$253,779 80 



1,621 28 
$252,158 52 



$1,124 91 

155,367 50 

1.542 91 

1,126 77 

243 14 

8159,405 23 
92,753 29 

8252,158 52 



Value of land, $14,000; buildings, $S5,900; insurance thereon, $2S,950. 



merchants' and farmers' mutual FIRE INSURANCE CO. 53 



Risks and Premiums. 

Amount. Cash Prem'8. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $20,276,680 00 $298,971 04 $298,971 04 

Risks written during 1902, . 6,902,852 00 105,640 91 105,640 91 



Total, $27,179,532 00 $404,61195 $404,61195 

Risks expired and terminated, . 6,763,037 00 99,993 44 99,993 44 



In force at end of year, . . $20,416,495 00 



,618 51 $304,618 51 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



$36,053 00 



100 shares J. W. Bishop Co., 
Mortgage note, . 



Schedule A. 
Securities held as Collateral. 

Market Value. 

$10,000 00 
750 00 



Loaned Thereon. 

$10,000 00 
750 00 



Schedule B. 



$10,750 00 $10,750 00 



Stocks and Bonds owned by the 



Gt. Northern & Northern Pacific R.R. bonds, 

Lawrence city bonds, 

Eastern R.R. bonds, .... 

Atch., Topeka & Santa Fe R.R. bonds, 

City of Grand Haven, Mich., bonds, 

Oregon Short Line R.R. bonds, 

111 shares Atch., Topeka & Santa Fe R.R., 

57 

61 

34 

25 

11 

25 

20 

20 
8 

25 

99 

42 

24 



Union Pacific R.R., . 
Boston & Albany R.R., . 
Providence & Worcester R.R. 
Norwich & Worcester R.R., 
Boston & Maine R.R., 
Wachusett National Bank, 
Westminster National Bank, 
Central National Bank, . 
Mechanics' National Bank, 
Quinsigamond National Bank 
Am. Card Clothing Co., . 
Worcester Electric Light Co., 
Worcester Gas Light Co., 



Company. 

Book Value. 

$3,551 25 
9,800 00 
4,800 00 

10,500 00 

5,000 00 

906 17 

7,322 19 

4,938 55 

11,695 00 
6,625 00 
4,525 00 
1,948 27 
5,000 00 
2,000 00 
2,000 00 
800 00 
3,119 00 
9,702 00 
8,428 00 
5,335 00 



Market Value. 

$6,000 00 

10,200 00 
5,300 00 

10,570 00 
5,050 00 
1,000 00 

10,191 00 
5,701 00 

15,860 00 

10,200 00 
5,750 00 
2,145 00 
3,750 00 
2,000 00 
2,240 00 
800 00 
3,625 00 
4,950 00 

10,500 00 
6,000 00 



$107,995 43 $121,832 00 



54 MERRIMACK MUTUAL FIRE INSURANCE CO. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.] 
JOS. A. SMART, President. BURTON S. FLAGG, Secretary. 

Amount of permanent fund, 1150,206 00 

Income. 

Net premiums,* $155,606.83; extra premiums, $477.82, . f 156,084 65 
Interest on mortgage loans, $5,675.31; stocks and bonds, 

$4,102.79, 9,778 10 

Rents, 37 50 

From all other sources, 243 45 



Total income, $166,143 70 

Ledger assets, Dec. 31, 1901, 222,858 15 

Total, f389,001 85 

Disbursements. 

Net amount paid for losses, $43,194 85 

Profits on terminated policies, 59,613 85 

Commissions or brokerage, 21,205 18 

Salaries, fees, etc., of officers and employees, .... 7,584 50 

Rents, 725 00 

Taxes and fees, 1,805 76 

Loss on sale or maturity of ledger assets, .... 7,779 08 

All other disbursements, 4,623 80 

Total disbursements, $146,532 02 

Balance, $242,469 83 



Ledger Assets. 

Real estate, $3,500 ; mortgages,! $99,500, .... $103,00000 

Stocks and bonds (schedule A), 116,275 00 

Cash in banks and olflce, 7,816 35 

Agents' debits (gross), 15,378 48 

Total ledger assets, 6242,469 83 

* Including $19,797.16 collected of previous years' premiums. 

t Value of land, $53,050; buildings, $137,150; insurance tnereon, $110,500. 



MERRIMACK MUTUAL FIRE INSURANCE CO. 55 



Non-Ledger Assets. 

Interest clue and accrued : — 
On mortgages, SI, 324. 69 ; stocks and bonds, $1,097.12 ; other 

assets, $24.92, $2,446 73 

Rents accrued on company's property, 267 50 

Market value of stocks and bonds over book value, . . 5,164 00 



Gross assets, $250,348 06 

Assets not admitted. 
Agents 1 debits over three months due, 123 20 



Total admitted assets, $250,224 86 

Liabilities. 

Unpaid losses $1,913 26 

Unearned premiums on outstanding risks, .... 211,068 59 

Dividends due policy holders, 3,375 18 

Commissions and other charges due agents and brokers, . 2,306 74 

Due for return premiums, $79.17 ; reinsurance, $65.61, . 144 78 



All liabilities, except surplus, $218,808 55 

Surplus, 31,416 31 



Total liabilities, $250,224 86 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 81, 1901, $27,241 ,143 00 $403,733 86 $403,733 86 

Risks written during 1902, . 9,419,363 00 142,910 29 142,910 29 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$36,660,506 00 $546,644 15 $546,644 15 
9,043,001 00 132,282 81 132,282 81 



$27,617,505 00 $414,361 34 $414,361 34 
297,183 00 5,075 48 5,075 48 



$27,320,322 00 $409,285 86 $409,285 86 



Miscellaneous. 

Losses incurred during the year, $40,320 00 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Cincinnati city bonds, $7,000 00 $7,810 00 

Lynn city bonds, 5,000 00 5,150 00 

Boston & Maine Railroad bonds, . . . 2,000 00 2,260 00 



fx; 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Old Colony Railroad bonds, 

Chicago & Northwestern R.R. bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Salem (Ohio) Water Co. bonds, 

Helena Water Co. bonds, .... 

Chicago, Wisconsin & Minn. R.R. bonds, 

Chicago, Peoria & St. Louis R.R. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Town of Milton bonds, 

Andover water bonds, 

Dan vers water bonds, 

Seattle city bonds, 

Westborough bonds, . 

North Andover bonds, 

Salem (Ohio) Water Co. stock, 

Helena Water Co. stock, . 

Chicago, Peoria & St. Louis R.R. stock, 

15 shares Lawrence National Bank, . 

10 " Andover National Bamk, . 



Book Value. 

$10,000 00 

4,000 00 

5,000 00 

3,000 00 

5,375 00 

5,000 00 

1,000 00 

3,000 00 

3,000 00 

15,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

3,000 00 

5,000 00 

2,400 00 

1,500 00 

1,000 00 



Market Value. 

$10,950 00 

4,940 00 

5,675 00 

2,550 00 

4,300 00 

6,000 00 

1,060 00 

2,910 00 

3,030 00 

16,434 00 

10,730 00 

5,350 00 

10,300 00 

11,000 00 

2,550 00 

4,000 00 

1,440 00 

1,800 00 

1,200 00 



£116,275 00 $121,439 00 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
RICHARD F. BARRETT, President. ADAMS TOLMAX, Secretary. 

Amount of permanent fund, $327,532 84 

Income. 

Net premiums,* $195,139.32; extra premiums, $1,183.55, 
Interest on mortgage loans, $3,046.01 ; collaterals, $120.83 

stocks and bonds, $20,753.98 ; all other, $995, 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
Dividends on reinsurances, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 



$196,322 87 


24,915 


82 


988 


00 


2,663 


75 


671 


98 



6225,562 42 
602,868 28 

8828,430 70 



$53,474 78 

96,146 80 

29,082 97 

14,123 00 

500 00 

1,288 40 



* Including $21,624.50 collected of previous years' premium- 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



57 



Real estate taxes, $463.11 ; other taxes and fees, $1,798.12, 
Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Real estate, $22,872.26 ; mortgages,* $52,575, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' debits (gross), .... 
Bills receivable (secured), 

Total ledger assets, .... 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,305.97; stocks and bonds, $6,042.39 

lateral loans, $612.84, 

Rents due and accrued on company^ property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 

Resisted losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers 
Due reinsurance, 



All liabilities, except surplus, 
Surplus, 



Total liabilities, . 



col- 



Risks and Premiums. 



$2,261 23 
441 25 

8,327 79 

$205,646 22 
$622,784 48 



$75,447 26 

1,500 00 

497,743 55 

5,126 98 

21,466 69 

21,500 00 

$622,784 48 



7,961 


20 


385 00 


18,127 


74 


51,423 45 


$700,681 


87 


$3,750 00 


327,685 


99 


9,299 


94 


3,255 


44 


23 


62 



$344,014 99 
356,666 88 

$700,681 87 



Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1901, $44,714,423 00 $659,428 28 
Risks written during 1902, . 12,191,935 00 183,358 99 



Conting't Prem's. 

$659,428 28 
183,358 99 

$842,787 27 
186,382 89 

$656,404 38 
3,768 24 

Net amount in force, . . $43,920,128 00 $652,636 14 $652,636 14 



Total, $56,906,358 00 

Risks expired and terminated, . 12,733,004 00 



In force at end of year, 
Amount reinsured, . 



. $44,173,354 00 
253,226 00 



$842,787 27 
186,382 89 

$656,404 38 
3,768 24 



* Value of land, $35,700; buildings, $100,000: insurance thereon, $63,000. 



58 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profit's or surplus returned during 1902, 20, 40 and 60 per cent. 



153,275 00 



Schedule A. 
Securities held as Collateral. 



2.5 shares American Powder Mills, 



Market Value. Loaned Thereon. 

£4,250 00 f 1,500 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Bal. due on Black. Nat 1 ] B'k (in liquidation), . |759 00 )9 00 

33 shares Concord Nat'l Bank, Concord, . 3,300 00 75 00 

57 " Boston & Albany R.R., . . . 5,757 75 14,763 00 

100 " Fitchburg R.R., .... 8,660 00 14,200 00 

180 " Pullman Co., 18,726 65 41,400 00 

Burlington & Missouri R.R. bonds, . . . 16,495 00 17,000 00 

Chicago, Burl. & Quincy R.R. bonds, . 14,095 00 14,880 00 

Boyer Val. div., Chic. & Northwests R.R. b'ds, 10,225 00 10,200 00 

Cleveland & Pittsburg R.R. bonds, . . . 31,575 00 31,050 00 

Portland & Ogdensburg R.R. bonds, . . 21,200 00 21,500 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 1,900 00 2,030 00 

Cincinnati, Hamilton & Dayton R.R. bonds, . 10,100 00 11,700 00 

Concord & Montreal R.R. bonds, . . . 25,150 00 27,125 00 

Conn. & Passumpsic Rivers R.R. bonds, . . 26,600 00 28,750 00 

Old Colony R.R. bonds, 5,262 50 5*600 00 

Boston & Lowell R.R. bonds 15,500 00 15,750 00 

Boston & Albany R.R. bonds, .... 10,557 50 10,600 00 

N. Y., Providence & Boston R.R. bonds, . . 10,750 00 11,550 00 

Boston & Maine R.R. bonds, .... 11,775 00 12,500 00 

Chic. Junction R> & Union St'k Y'ds Co. b'ds, 10,250 00 lo,200 00 

Eastern R'y of Minnesota bonds, . . . 10,712 50 10,600 00 

Long Island R.R. (Penn.) bonds, . . . 5,762 50 5,725 00 

Erie & Pittsburg (Penn.) R.R. bonds, . . 10,400 00 10,200 00 

United Traction & Elec. Ry (Prov., R.I.) b'ds, 5,737 50 5,750 00 

Hamilton, Ontario, Street R'y bonds, . . 10,350 00 10,500 00 

Midland Terminal R.R. of Colorado bonds, . 10,450 00 10,450 00 

N. Y, N. H. & Hartford R.R. bonds, . . 10,475 00 10,400 00 

Mohawk & Malone R.R. bonds, . . . 11,062 50 10,800 00 

Lake Shore & Michigan Southern R.R. bonds, 10,912 50 10,700 00 

Narragansett Pier R.R. bonds, .... 10,375 00 10,600 00 

Norwich & Worcester R.R. bonds, . . . 10,575 00 11,100 00 

St. Paul, Minn. & Manitoba R.R. bonds, . . 11,225 00 11,400 00 

N. Y., Ontario & Western R.R. bonds, . . 10,475 00 10,400 00 

Terminal R.R. Association of St. Louis bonds, 11,450 00 11,400 00 

N. Y. Central & Hudson River R.R. bonds, . 10,037 50 10,100 00 



MUTUAL FIRE ASSURANCE CO. 



59 



West End Street R'y bonds, 
Temple Iron Co. bonds, . 
Town of Concord, Mass., bonds, 
Toledo city bonds, 
Cambridge city bonds, 
Pawtucket city bonds, 
Med ford city bonds, . 
Holyoke city bonds, . 
Massachusetts State bonds, 



Book Value. 

$10,387 50 

5,200 00 

6,586 40 

10,000 00 

20,000 00 

10,487 50 

5,356 25 

10,950 00 

10,137 50 



Market Value. 

$10,575 00 

5,200 00 

6,610 00 

10,900 00 

21,400 00 

10,600 00 

5,475 00 

11,250 00 

9,800 00 



$497,743 55 $549,167 00 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.] 
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary. 

Amount of permanent fund Dec. 31, 1901, .... $117,21693 

Increase during the year, 5,205 07 

Permanent fund Dec. 31, 1902, . s . $122,422 00 

Income. 

Net premiums,* $22,710.76 ; extra premiums, $213.35, . . $22,924 11 
Interest on mortgage loans, $2,058 ; stocks and bonds, 

$6,437.31; allother, $170.19, 8,665 50 

Total income, $31,589 61 

Ledger assets, Dec. 31, 1901, . 177,859 82 

Total, $209,449 43 

Disbursements. 

Net amount paid for losses, $1,915 29 

Profits on terminated policies, 16,694 00 

Salaries, fees, etc., of officers and employees, .... 4,448 00 

Rents, 500 00 

Taxes and fees, 195 27 

All other disbursements, 520 33 

Total disbursements, $24,272 89 

Balance, $185,176 54 

Ledger Assets. 

Mortgages,! $36,550 00 

Stocks and bonds (schedule A), 139,351 35 

Cash in banks and office, 9,275 19 

Total ledger assets, $185,176 54 

* Including $135.39 collected of previous years' premiums. 

t Value of land, $14,750; buildings, $46,750; insurance thereon, $40,500. 



60 



MUTUAL FIRE ASSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $447.88; stocks and bonds, $707.49, . . f 1,155 37 

Market value of stocks and bonds over book value, . . 34,096 65 

Gross assets $220,428 56 

Liabilities. 

Unearned premiums on outstanding risks, .... f 50,670 61 

Dividends due policy holders, 225 68 

All liabilities, except surplus, $50,896 29 

Surplus, 169,532 27 

Total liabilities $220,428 56 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1901, $5,984,150 00 $95,056 18 $95,056 18 

Risks written during 1902, . 1,369,050 00 22,575 37 22,575 37 



Total, $7,353,200 00 $117,631 55 $117,631 55 

Risks expired and terminated, . 1,232,100 00 19,554 30 19,554 30 



In force at end of year, . . $6,121,100 00 $98,077 25 $98,077 25 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 90 per cent. 



$1,915 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Vermont Valley R.R. bonds, . 

Chesapeake & Ohio R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Chicago, Burl. & Quincy R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, . 

Holyoke Street R.R. bonds, 

Boston & Albany R.R. bonds, . 

Detroit Southern R.R. bonds, . 

Reading, Jersey Central R.R. bonds, 

Amer. Telephone & Telegraph Co. bonds, 

Woronoco Street R.R. bonds, . 

75 shares Second Natl Bank, Springfield, 

61 " Chicopee Nat'l Bank, Springfield, 

25 " John Hancock N 1 l B'k, Springfield, 



Book Value. 

$4,200 00 
4,040 00 
8,000 00 
1,000 00 
4,040 00 
6,300 00 

10,650 00 
3,300 00 
2,865 00 
2,970 00 
5,312 00 
7,820 00 
6,100 00 
2,500 00 



Market Value. 

$4,400 00 
4,800 00 
7,440 00 
1,000 00 
4,400 00 
6,300 00 

10,600 00 
2,730 00 
2,790 00 
2,940 00 
5,250 00 
9,750 00 
9,455 00 
2,500 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



61 



25 shares First Nat'l Bank, Springfield, 

25 " Chapin Nat'l Bank, Springfield, 

10 " Monson Nat'l Bank, Monson, . 

10 " First National Bank, Chicopee, 

50 " Hadley Falls Nat'l Bank, Holyoke 

20 " Springfield Nat'l Bank, Springfield 

50 " Nat'l Bank of Commerce, Boston, ■ 

100 u Boston & Albany R.R., . 

198 " N. Y. Cent. & Hudson River R.R., 

69 " Chic , Burl. & Quincy R.R., . 

20 " Holyoke & Westfield R.R., . 



Book Value. 

$2,720 00 
2,875 00 
1,000 00 
1,000 00 
5,050 00 
2,500 00 
5,000 00 
14,073 25 
23,931 25 
8,364 85 
3,740 00 



Market Value. 

82,750 00 

3,000 00 

1,250 00 

1,350 00 

6,250 00 

3,800 00 

7,500 00 

25,900 00 

29,700 00 

13,593 00 

4,000 00 



$139,351 35 |173,448 00 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

CHARLESTOWN. 

[Incorporated April 10, 1861. Commenced business July 15, 1864.] 
GEO. H. PENDERGAST, President. FRANK V. NOTES, Secretary. 

Office, Thompson Square, Charlestown. 
Amount of permanent fund, $52,639 30 

Income. 

Net premiums,* $37,433.30 ; extra premiums, $139.18, . . $37,572 48 
Interest on mortgage loans, $2,118.60 ; collaterals, $412.50 ; 

stocks and bonds, $1,325.20; all other, $550.72, . . . 4,407 02 

Profit on sale or maturity of ledger assets, .... 12 00 

Total income, $41,991 50 

Ledger assets, Dec. 31, 1901, 109,015 53 

Total $151,007 03 



Disbursements. 

Net amount paid for losses, $7,472 44 

Profits on terminated policies, 8,630 47 

Commissions or brokerage, 4,699 93 

Salaries, fees, etc., of officers and employees, .... 4,000 00 

Rents, 500 00 

Taxes and fees, 289 54 

All other disbursements, 2,299 77 

Total disbursements, $27,892 15 

Balance, f 123,114 88 

* Including $5,789.52 collected of previous years' premiums. 



62 -MUTUAL PROTECTION PIRB INSURANCE CO. 



Ledger Assets. 

Mortgages,* $ 46, 100 00 

Loans secured by collateral (schedule A), . . . 10,000 00 

Stocks and bonds (schedule B), 40,462 70 

Cash in banks and office, 21,240 24 

Agents 1 debits (gross), 5,311 94 

Total ledger assets f 123,1 14 88 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $1,115.50; stocks and bonds, $366.22; col- 
lateral loans, $155, 1,636 72 

Market value of stocks and bonds over book value, . . 6,060 30 

Commissions due, 70 03 

Gross assets $130,881 93 

Assets not admitted. 

Agents' debits over three months due, 457 69 

Total admitted assets, $130,424 24 

Liabilities. 

Unpaid losses, $49 00 

Unearned premiums on outstanding risks, .... 41,241 15 

Dividends due policy holders, 938 23 

Commissions and other charges due agents and brokers, . 784 24 

Due for return premiums, $289.63; reinsurance, $177.26, . 466 89 

All liabilities, except surplus, $43,479 51 

Surplus, 86,944 73 

Total liabilities $130,424 24 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $4,503,749 00 $72,21187 $72,21187 

Risks written during 1902, . 2,062,024 00 34,801 36 34,801 36 

Total, $6,565,773 00 $107,013 23 $107,013 23 

Risks expired and terminated, . 1,471,879 00 22,923 13 22,923 13 

In force at end of year, . . $5,093,894 00 684,090 10 $84,090 10 

Amount reinsured, . . . 228,584 00 4,059 59 4,059 59 

Net amount in force, . . $4,865,310 00 $80,030 51 $80,030 51 

» 

* Value of land, $2-2,500; buildings, $69,200; insurance thereon, $60,400. 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



()3 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 70 per cent. 



$7,514 00 



Schedule A. 

Securities held as Collateral. 

Market Value. Loaned Thereon. 

$9,750 00 >| 



150 shares Copper Range Co., .... 
50 " United States Steel Co., . 
Kan. City, Mem. & Birmingham R.R. Co. b'ds, 
Copper Range R.R. Co. bonds,. 

Schedule B. 

Stocks and Bonds owned by the 

17 shares Monument National Bank, 
20 " National Bank of the Republic, 
31 " Charlestown Gas & Electric Co., 
13 " Somerville Electric Light Co., . 
55 '• Atch., Topeka & Santa Fe R.R., 
12 " N. Y., New Haven & Hartford R.R. 
22£ " American Tel. & Telegraph Co., 
40 " Pennsylvania R.R. Co., 
American Telephone & Telegraph Co. bonds, 

United States bonds, 

Pennsylvania R R. Co. bonds, . 



1,900 00 I 



1,000 00 i 
3,500 00 J 



J. $10,000 00 



Company. 

Book Value. 

$3,150 00 
2,570 00 
2,263 00 
1,300 00 
4,815 00 
2,544 00 
3,345 00 
2,997 50 
6,978 20 

10,000 00 
500 00 



$16,150 00 $10,000 00 



Market Value. 

$3,230 00 
3,260 00 
2,790 00 
1,690 00 
4,810 00 
2,700 00 
3,668 00 
6,200 00 
6,860 00 

10,800 00 
515 00 



,462 70 $46,523 00 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.] 
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary. 

Permanent fund Dec. 31, 1902, $27,02189 

Income. 
Net premiums, 



Interest on mortgage loans, $38.50; stocks and bonds, 
$1,537.67, .... 

Rents, 

Profit on sale or maturity of ledger 
From all other sources, 



assets, 



Total income, 



Ledger assets, Dec. 31, 1901, 
Total 



$3,768 09 

1,576 17 

29 17 

140 00 

280 93 

$5,794 36 

35,948 16 

$41,742 52 



64 



NEWnURYPORT Ml'Tl AL FIRE INSURANCE CO. 



ees, 



Disbursements. 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc., of officers and employ< 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
Hancock National Bank assessment, 
Accrued interest on bonds purchased, 
All other disbursements, . 



Total disbursements, 
Balance, 



$4 52 


3,392 43 


715 


66 


175 


00 


36 


77 


47 


50 


225 00 


9 


78 


63 02 


$4,669 68 


$37,072 


84 




00 


32,475 


90 


3,896 


94 



Ledger Assets. 

Mortgages,* 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Total ledger assets, $37,072 84 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, f 19. 25; stocks and bonds, $247.07, . . 266 32 

Rents, 25 00 

Market value of stocks and bonds over book value, . . 2,959 15 



Gross assets, |40,323 31 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Dividends due policy holders, . 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$181 10 

5,795 39 

125 50 

$6,101 99 

34,221 32 

$40,323 31 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1901, $744,315 00 
Risks written during 1902, . 255,025 00 



Total 

Risks expired and terminated, . 

In force at end of year, . 



$999,340 00 
251,155 00 



Cash PrenTs. Conting"t Prem's. 

$10,855 00 $43,420 00 
3,869 00 15,476 00 



$14,724 00 
3,561 21 



$58,896 00 
14,204 44 



$748,185 00 611,162 79 $44,691 56 



* Value of land, $900; buildings, $1,400; insurance thereon, $600. 



NORFOLK MUTUAL FIRE INSURANCE CO. 



65 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1902, 100 per cent. 



$186 00 



Schedule A. 

Stocks and Bonds owned by the 



Riverbank Court Trust Co. bonds, . 
New England Cotton Yard bonds, . 
Minneapolis General Electric Co. bonds, 
Meriden, Conn , bonds, 
Newport News, Va., bonds, 
Penobscot Shore Line bonds, . 
Central Vermont bonds, . 
Detroit Telephone & Telegraph Co. bonds, 
Amer. Telephone & Telegraph Co. bonds, 
Western Telephone & Telegraph Co. bonds, 
South Bend, Ind , bonds, .... 
100 shares Mer. Nat'l Bank, Newburyport, 



31 

10 

4 

10 

10 

12 

20 

7 

9 

5 

11 



Ocean Nat'l Bank, Newburyport, 
Bank of Redemption, Boston, 
State National Bank, Boston, 
Western Union Telegraph Co. 
U. S. Rubber Co., . 
Westinghouse Electric Co., 
Boston & Maine R.R., 
New York Central R.R., . 
St. Paul R.R., . 



Chicago Junction Stock Yard 



; Atch., Top. & Santa Fe R.R., 
1 share Central Vermont R.R., 
Central Vermont R.R. scrip, 



Co., 



Company. , 

Book Value. 

% 2,000 00 

1,000 00 

1,000 00 

1,000 00 

2,000 00 

2,000 00 

1,600 00 

2,000 00 

990 00 

3,000 00 

1,000 00 

2,000 00 

1,550 00 

1,000 00 

420 00 

1,000 00 

500 00 

900 00 

3,600 00 

1,028 10 

1,350 00 

625 00 

900 00 

8 00 

4 80 

$32,475 90 



Market Value. 

$2,060 00 

1,020 00 

1,040 CO 

1,030 00 

2,060 00 

2,160 CO 

1,780 00 

2,000 00 

980 25 

3,135 00 

1,010 00 

2,400 00 

1,612 00 

1,720 00 

600 00 

890 00 

520 00 

1,170 00 

3,880 00 

1,074 50 

1,710 00 

625 00 

945 50 

8 00 

4 80 

$35,435 05 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 

Amount of permanent fund, $334,201 14. 

Income. 

Net premiums, *$93,018 44 

Interest on mortgage loans, $1,649. 19 ; stocks and bonds, 

$24,481.25; all other, $286.39 26,416 83 

Rents, including company's own occupancy, .... 1,241 66- 



Including $7,744.54 collected of previous years' premiums. 



GO 



NOKFOLK MUTUAL FIIM-; INSURANCE OO. 



Profit on adjustment of book value, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



$2,517 50 
25 25 

$123,219 68 
618,375 42 

?741,595 10 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, $ 200. 66 ; other taxes and fees, $942. 
Loss on adjustment of book value, .... 
All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Real estate, $12,000; mortgages,* $26,625, . 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 



0, 



$16,466 63 

49,525 96 

12,294 31 

7,390 34 

350 00 

562 66 

1,143 36 

5,067 18 

2,510 39 

£95,310 83 

$646,284 27 



138,625 00 

582,011 25 

16,053 93 

9,594 09 

$646,284 27 



Nox-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $491.66; stocks and bonds, $7,899.22, 
Rents accrued on company's property, . 



8,390 88 
37 50 



Gross assets, $654,712 65 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 
Due for return premiums, 

All liabilities, except surplus, 

Surplus, 

Total liabilities, 



9 63 

173,293 30 
9,330 99 
1,439 11 

* 402 33 

.175 36 
469,537 29 

$654,712 65 



Value of land, $19,700; buildings, 833,500; insurance thereon, $30,S00. 



NORFOLK MUTUAL FIRE INSURANCE CO. 



67 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $23,787,362 00 $341,407 66 $341,407 66 

Risks written during 1902, . 6,130,438 00 88,968 23 88,968 23 



Total, $29,917,800 00 $430,375 89 $430,375 89 

Risks expired and terminated, . 5,995,332 00 86,707 64 86,707 64 



In force at end of year, . . $23,922,468 00 $343,668 25 $343,668 25 

$16,503 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 25, 50 and 70 per cent. 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Atchison, Topeka & Santa Fe R.R. bonds, . $33,300 00 $33,300 00 

Boston & Maine R.R. bonds, .... 40,620 00 40,620 00 

Boston Consolidated Street R'y Co. bonds, . 5,200 00 5,200 00 

Boston & Providence R.R. bonds, . . . 21,400 00 21,400 00 

Boston & Lowell Railroad bonds, . . . .21,200 00 21,200 00 

Boston city bonds, 13,215 00 13,215 00 

Chelsea city bonds, 11,537 50 11,537 50 

Concord & Montreal R.R. bonds, . . . 10,700 00 10,700 00 

Fitchburg Railroad bonds, .... 27,243 75 27,243 75 

Conn. & Passumpsic Rivers R.R. bonds, . . 5,650 00 5,650 00 

Dexter & Newport R.R. bonds, . . . 6,300 00 6,300 00 

Fall River city bonds, 2,245 00 2,245 00 

Fremont, Elkhorn & Mo. Valley R.R. bonds, . 6,850 00 6,850 00 

Grand Avenue R'y, Kansas City, bonds, . . 5,200 00 5,200 00 

Oregon Short Line R.R. bonds, . . . 12,500 00 12,500 00 

Kan. City, St. Jos. & Council Bluffs R.R. b'ds, 9,990 00 9,990 00 

N. H. Trust Co. bonds, 1,500 00 1,500 00 

Illinois Central R.R. bonds, .... 4,925 00 4,925 00 

Lombard Investment Co. bonds, . . . 237 50 237 50 

Lawrence city bonds, 5,400 00 5,400 00 

Norwich & Worcester. R.R. bonds, . . . 22,050 00 22,050 00 

Maine Central R.R. bonds, .... 16,600 00 16,600 00 

Newport & Richford R'y Co. bonds, . . 13,137 50 13,137 50 

N. Y., N. H. & Hartford R.R. bonds, . . 17,250 00 17,250 00 

Newton city bonds, 16,550 00 16,550 00 

North An do ver town bonds, .... 5,51250 5,51250 

Philadelphia & Reading R.R. bonds, . . 10,080 00 10,080 00 

Old Colony R.R. bonds, 43,015 00 43,015 00 

Taunton city bonds, 10,950 00 10,950 00 

Portland & Rumford Falls R.R. bonds, . . 10,400 00 10,400 00 

Lynn city bonds, 21,360 00 21,360 00 



68 



PAPER MILL MUTUAL INSURANT'!: CO. 



Salem city bonds, 

Union Pacific Railway bonds, . 

Northern Pacific & Gt. Northern R.R. bonds, 

313 shares Atch., Top. & Santa Fe R.R., . 



65 


' Dedham Water Co., 


60 


4 Union Pacific R.R., . 


100 


' Old Colony R.R., . 


75 


' Boston & Lowell R.R., . 


125 


1 Boston & Albany R.R., . 


20 


1 Boston & Providence R.R., 



Book Value. 

$5,325 00 

4,702 50 

20,900 00 

29,740 00 

7,150 00 

5,400 00 

20,800 00 

18,000 00 

31,875 00 

6,000 00 



Market Value. 

$5,325 00 

4,702 50 

20,900 00 

29,740 00 

7,150 00 

5,400 00 

20,800 00 

18,000 00 

31,875 00 

6,000 00 



8582,011 25 $582,011 25 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorp orated November, 1S86. Commenced business April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 



Income. 

Net premiums, * $100,944 12 

Interest on bonds, 3,375 38 

Total income, $104,319 50 

Ledger assets, Dec. 31, 1901 92,767 53 

Total, $197,087 03 

Disbursements. 

Net amount paid for losses, $5,749 50 

Profits on terminated policies, 76,451 84 

Salaries, fees, etc., of officers and employees, .... 4,850 00 

Rents, 360 00 

Taxes and fees, 1,020 52 

Inspections and adjustments, 1,580 38 

All other disbursements, 1,014 32 

Total disbursements, f 9 1,026 56 

Balance, $106,060 47 

Ledger Assets. 

Bonds (schedule A) $93,239 06 

Cash in banks and office, 11,070 51 

Agents 1 debits (gross), 1,750 90 

Total ledger assets, • $106,060 47 

* Including $643.44 collected of previous years' premiums. 



PAPER MILL MUTUAL INSURANCE CO. 



69 



Non-Ledger Assets. 
Interest accrued on bonds, .... 
Market value of bonds over book value, . 



$ 1,270 82 
2,485 94 



Gross assets $109,817 23 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Accrued taxes, 



All liabilities, except surplus, . 
Surplus, 



$206 30 

49,746 09 

275 56 

$50,227 95 

59,589 28 



Total liabilities $109,817 23 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1901, $10,975,352 00 
Risks written during 1902, . 13,382,960 00 



Cash Prem'8. Conting't Prem's. 

$84,878 92 $424,394 60 
104,570 52 522,852 60 



Total $24,358,312 00 $189,449 44 $947,247 20 

Risks expired and terminated, . 11,829,340 00 89,957 26 449,786 30 



In force at end of year, 



. $12,528,972 00 $99,492 18 $497,460 90 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 89.22 per cent. 



$5,106 00 



Schedule A. 

Bonds owned by the Company. 



Portland & Ogdensburg R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Cincin., Sandusky & Cleveland R.R. bonds, 

Maine Central R.R. bonds, 

Pennsylvania R R. bonds, 

Newton water bonds, 

Boston & Albany R.R. bonds, 

Boston & Maine R.R. bonds, 

Boston & Lowell R.R. bonds, 

Fitchburg R.R. bonds, 

Chic. June. & Union Stock Yards bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

American Bell Telephone bonds, 

American Telephone & Telegraph Co. bonds 

West End Street R'y Co. bonds, 

Boston city bonds, 

Mohawk & M alone R.R. bonds, 



Book Value. 

$5,030 00 
4,993 75 
5,102 31 
5,200 00 
5,260 00 
5,222 50 

10,333 75 
5,561 00 
5,165 00 
5,549 75 
4,950 00 
5,000 00 
5,037 50 
5,000 00 
5,161 00 
5,277 50 
5,395 00 



Market Value. 

$5,300 00 
4,600 00 
5,650 00 
5,750 00 
5,875 00 
5,500 00 

10,600 00 
6,150 00 
5,300 00 
5,425 00 
4,900 00 
5,000 00 
4,925 00 
4,925 00 
5,175 00 
5,250 00 
5,400 00 



,239 06 $95,725 00 



70 



QUINCY MUTUAL FIRE INSURANCE CO. 
i 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 
CHARLES A. HOWLAND, President. \VM. H. FAY, Secretary. 

Amount of permanent fund, §350,000 00 

Income. 

Net premiums,* $152,983. 37; extra premiums, $784.31, . $153,767 68 

Interest on mortgage loans, $5,415 . 04 ; collaterals, $ 10,645 . 82 ; 

stocks and bonds, $11,400.60; all other, $1,244.85, . . 28,706 31 

Rents, including company's own occupancy, .... 1,002 35 

Total income, $183,476 34 

Ledger assets, Dec. 31, 1901, 586,397 17 

Total, $769,873 51 

Disbursements. 

Net amount paid for losses, 8,350 85 

Profits on terminated policies, 64,630 63 

Commissions or brokerage, 21,971 84 

Salaries, fees, etc., of officers and employees, .... 14,658 34 

Rents, including company's own occupancy, .... 150 00 

Real estate taxes, $723.05 ; other taxes and fees, $2,547.80, . 3,270 85 

All other disbursements, 8,095 58 

Total disbursements, 8151,128 09 

Balance, ' . $618,745 42 



Ledger Assets. 

Real estate, $16,794.16 ; mortgages,f $69,375, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 



Total ledger assets, 



$86,169 16 
272,900 00 
207,483 48 
38,728 51 
' 13,464 27 

$618,745 42 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $851.27; stocks and bonds, $999.25 ; col- 
lateral loans, $1,233.33 ; other assets, $36.83, 

Rents due and accrued on company's property, 



3,120 68 
162 50 



* Including $11,633.42 collected of previous years' premiums. 

t Value of land, $73,500; buildings, $112,000; insurance thereon, $S5,700. 



QUINCY MUTUAL FIRE INSURANCE CO. 



71 



Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 
Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 

All liabilities, except surplus, 

Surplus, 



|5 


84 


63,631 


52 


$685,665 96 


§236,218 


43 


4,000 00 


450 


00 


2,203 


83 


$242,872 


26 


442,793 


70 



Total liabilities, 



5,665 96 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1901, $33,152,599 00 $485,423 59 
Risks written during 1902, . 9,577,289 00 142,227 25 



Total, $42,729,888 00 §627,650 84 

Risks expired and terminated, . 10,049,994 00 148,662 49 



Conting't Prem's. 

$485,423 59 
142,227 25 

§627,650 84 
148,662 49 



In force at end of year, . . §32,679,894 00 §478,988 35 §478,988 35 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



$38,351 00 



Schedule A. 

Securities held as Collateral. 

Market Value. 

750 shares American Woolen Co., . . . §45,000 00 

300 " N. E. Dressed Meat & Wool Co., . 45,000 00 

Hudson River Electric Qo. bonds, . . . 10,100 00 

Peoria & Pekin Terminal R'y Co. bonds, . . 5,200 00 

Detroit United R'y bonds, .... 5,830 00 I 

Eastern Steamship Co. bonds, .... 7,350 00' 

Hudson River Water Pr. Co. bonds, . . 7,700 00 ^ 

Hudson River Electric Co. bonds, . . . 8,080 00 I 

Detroit United R'y bonds, 3,940 00 

Peoria & Pekin Terminal R'y Co. bonds, . . 2,080 00 

Huntington Co., Pa., bonds, .... 4,190 00 

Loraine & Cleveland R.R. Co. bonds, . . 3,120 00 J 

Massachusetts Securities Co. bonds, . . 10,000 00 

Lowell & Boston St. R'y bonds and notes, . 17,000 00 

Town of Framingham note, .... 25,000 00 

Note secured by warehouse receipts, . . 25,000 00 



Loaned Thereon. 

$35,000 00 
25,000 00 

\ 25,000 00 



} 25,000 00 



25,000 00 

20,000 00 
21,200 00 



12 



QUINOY MUTUAL FIRE INSURANCE CO. 



Market Value. Loaned Thereon. 



100 shares No. Packing & Provision Co., 
144 " National Granite Bank, Quincy, 
15 " Minnehaha Trust Co., 
30 " Sioux Falls National Bank, . 
175 " N. E. Dressed Meat & Wool Co., 



Corporation notes, 



Schedule B. 

Slocks and Bonds owned by the 

88 shares Rockland National Bank, Boston, 

70 " Second National Bank, Boston, 

50 " First National Bank, Boston, . 

40 " Merchants' National Bank, Boston 

60 " State National Bank, Boston, . 

250 " Colonial National Bank, Boston, 

75 " Redemption National B'k, Boston, 

50 " Hamilton National Bank, Boston, 

52 " Suffolk National Bank, Boston, 

292 " Mt. Wollaston Nat'l Bank, Quincy 

48 " Granite National Bank, Quincy, 

50 " Wachusett Nat'l Bank, Fitchburg, 

40 " Hingham Nat'l Bank, Hingham, 

48 " First Nat'l Bk', South Weymouth, 

38 " Union National Bank, Weymouth, 

10 " Quinsigamond N'l B'k, Worcester, 

50 " Brockton National Bank, Brockton, 

29 " Plymouth Nat'l Bank, Plymouth, . 
First National Bank, West Newton, 
on Washington Bank, Boston (in 



$10,000 00 

19,440 00 

1,500 00 

3,000 00 

26,250 00 

$284,780 00 



25 " 

Balance 

liquidation), 

Balance on 200 shares Manufacturers' Bank, 
Boston (in liquidation), .... 

Balance on 46 shares Continental National 
Bank, Boston (in liquidation), 
11 shares Old Colony R.R., .... 
178 " Lawrence Duck Co., 
50 " State St. Safe Deposit & Trust Co., 
13 " Decatur Water Works Co., . 
Chicago, Burlington & Quincy R.R. bonds, 
Decatur Water Works Co. bonds, . 
Michigan Telephone Co. bonds, 
Northern Pacific & Gt. North. R'y Co. bonds, . 



Company. 

Book Value. 

?8,800 00 
7,000 00 
5,000 00 
4,000 00 
6,000 00 

25,000 00 
7,500 00 

'5,000 00 
5,200 00 

29,200 00 
4,800 00 
5,000 00 
4,000 00 
4,800 00 
3,800 00 
1,000 00 
5,000 00 
2,900 00 
2,500 00 



1,100 00 
17,800 00 

5,000 00 

350 00 

10,000 00 

2,900 00 

9,800 00 
24,033 48 



$7,500 00 
17,700 00 

2,500 00 
7,500 00 

$211,400 00 
61,500 00 

8272,900 00 



Market Value. 

1 11,440 00 

12,250 00 
8,750 00 
7,000 00 
7,500 00 

37,500 00 

11,250 00 
5,000 00 
6,968 00 

35,040 00 
6,480 00 
7,500 00 
4,000 00 
4,800 00 
3,040 00 
1,250 00 
6,250 00 
3,045 00 
2,500 00 

100 00 

500 00 

92 00 

2,200 00 

15,000 00 

6,250 00 

350 00 

10,000 00 

2,900 00 

8,000 00 

44,160 00 



$207,483 48 $271,115 00 



RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 



73 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.] 
E. S. CONVERSE, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, •|322,297 07 

Interest on bonds, 10,203 41 



Total income $332,500 48 

Ledger assets, Dec\ 31, 1901, 261,909 26 



Total, $594,409 74 

Disbursements. 
Net amount paid for losses, 



Profits on terminated policies, . 

Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

Inspections 

All other disbursements, 



$74,022 33 

212,198 97 

5,279 83 

3,963 64 

8,359 92 

14,732 16 



Total disbursements, $318,556 85 

Balance, $275,852 89 

Ledger Assets. 
Bonds (schedule A), 



Cash in banks and office, . 
Agents* debits (gross), 



$230,000 00 
43,311 74 
2,541 15 



Total ledger assets, $275,852 89 



Non-Ledger Assets. 
Interest due and accrued on bonds, . 
Market value of bonds over book value, . 



.3,457 95 
3,750 00 



Gross assets, * . $283,060 84 



Liabilities. 
Unpaid losses, including $11,099.17 resisted, 
Unearned premiums on outstanding risks, 
Taxes, 



All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$11,894 29 

148,893 07 

443 38 

$161,230 74 
121,830 10 

$283,060 84 



* Including $9,983.08 collected of previous years' premiums. 



74 



SALEM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount 

Risks outstanding Dec. 81, 1901, $33,747,269 00 
Risks written during 1902, . 38,640,083 00 



Cash Prem's. Conting't Prem's. 

$258,110 93 $ 1,290,554 65 
329,752 05 1,648,760 25 



Total, $72,387,352 00 

Risks expired and terminated, . 36,928,950 00 



$587,862 98 $2,939,314 90 
290,076 85 1,450,384 25 



In force at end of year, . .$35,458,402 00 $297,786 13 $1,488,930 65 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 67.2 per cent. 



Schedule A. 

Bonds owned by the Company. 



N. Y. Central & Hudson River R.R. bonds, 

Chicago Terminal Transfer R.R. bonds, . 

N. E. Telephone & Telegraph Co. bonds, 

American Bell Telephone Co. bonds, 

Bangor & Aroostook R.R. bonds, 

West End Street R'y bonds, 

St. Louis Merchants' Bridge Terminal R.R. b'ds 

American Writing Paper Co. bonds, 

American Telephone & Tel. Co. bonds, 

Fitchburg R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Maine Central R.R. bonds, 

Boston Consolidated Street R'y bonds, 



Book Value. 

$15,000 00 
20,000 00 
27,000 00 
15,000 00 
10,000 00 
20,000 00 
25,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 
16,000 00 
12,000 00 



$51,022 00 



Market Value. 

$14,025 00 
17,000 CO 
28,090 00 
14,775 00 
11,700 00 
20,975 00 
28,000 00 
7,600 00 
19,700 00 
21,825 00 
20,250 00 
17,240 00 
12,570 00 



$230,000 00 $233,750 00 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May 1, 183S.] 
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary. 

Amount of permanent fund, $52,580 66 

Income. 
Net premiums,* $41,344.33; extra premiums, $97.67, . 



Interest on mortgage loans, $124.50; stocks and bonds, 

$3,507.81; all other, $76.37, 
Rents, 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total 



$41,442 00 

3,708 68 
604 54 

845,755 22 
96,396 01 

$142,151 23 



* Including $3,087.31 collected of previous years' premiums. 



SALEM MUTUAL FIRE INSURANCE CO. 



75 



Disbursements. 

Net amount paid for losses, 

Profits on terminated policies, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, .... 
Real estate taxes, f 142.95 : other taxes and fees, $370.72, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 



Balance, 



$11,569 


73 


10,617 


88 


6,252 


66 


3,707 


06 


450 00 


300 44 


513 


67 


210 48 


3,287 


06 


$36,908 98 


$105,242 25 



Ledger Assets 
Real estate, $7,200 ; mortgages,* $2,100, . 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' debits (gross), .... 

Total ledger assets, .... 



$9,300 00 
91,148 65' 
549 65 
4,243 95 

$105,242 25 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, §19 ; stocks and bonds, $1,207.31, . 

Market value of stocks and bonds over book value, 

Commissions due, 



Gross assets, 



1,226 31 

395 84 

29 31 

$106,893 71 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Commissions and other charges due agents and brokers, 
Due for return premiums, $155. 19 ; reinsurance, $25.42, 
State tax, 

All liabilities, except surplus, 

Surplus, 



Total liabilities $106,893 71 



$968 37 


46,870 38 


1,413 85 


665 36 


180 61 


76 02 


$50,174 59 


56,719 12 



* Value of land, $3,350; buildings, $1,000; insurance thereon, $2,000. 



76 



SALEM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $5,203,182 00 $ 92,499 43 $92,499 43 



Risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



2,368,208 00 



39,839 55 39,839 55 



|7,571,390 00 $132,338 98 $132,338 98 
1,934,973 00 38,076 20 38,076 20 



$5,636,417 00 
139,017 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



Schedule A. 

Stocks and Bonds owned by the 



Fitchburg Railroad bonds, 
Boston & Lowell Railroad bonds, 
Boston & Maine Railroad bonds, 
Boston & Albany R.R. bonds, 
Haverhill city bonds, 
Springfield (Mass.) city bonds, 
Toledo (Ohio) city bonds, 
Cincinnati city bonds, 
Chicago city bonds, . 
Woburn city bonds, . 
Brockton city bonds, . 
Peabody town bonds, 
New Britain (Conn.) city bonds, 
Stoneham town bonds, 
Cook County (111.) bonds, 
Ware town bonds, 
Medford city bonds, . 
Salem city bonds, 
Lynn city bonds, 
Meriden (Conn.) town bonds, 
Somerville (Mass.) city bonds, 
Old Colony Railroad bonds, 
Quincy (111.) city bonds, . 
Cranston (R. I.) town bonds, 
Columbus (Ohio) city bonds, 
Waltham (Mass.) city bonds, 
Massachusetts State bonds, 
Boston city bonds, 
Wilkesbarre (Pa ) city bonds, 



Company. 

Book Value. 

83,225 00 
3,115 89 
1,017 50 
1,052 50 
1,120 00 
1,000 00 
2,108 89 
1,000 00 
3,125 00 
3,056 25 
3,142 50 
1,020 00 
4,166 73 
2,075 00 
2,037 50 
1,023 75 
1,060 00 
3,791 25 
2,095 00 
1,047 80 
2,102 50 
2,107 50 
2,130 00 
1,050 00 
3,112 50 
1,060 00 
3,300 00 
5,341 25 
1,031 70 



,262 78 $94,262 78 
1,757 63 1,757 63 



$5,497,400 00 $92,505 15 $92,505 15 



$12,308 00 



Market Value. 

$3,187 50 
3,270 00 
1,120 00 
1,055 00 
1,098 75 
1,000 00 
2,170 00 
1,030 00 
3,240 00 
3,030 00 
3,061 25 
1,002 50 
4,257 50 
2,030 00 
2,000 00 
1,000 00 
1,077 50 
3,753 99 
2,070 00 
1,022 50 
2,070 00 
2,105 00 
2,120 00 
1,100 00 
3,100 00 
1,030 00 
3,190 00 
5,188 75 
1,010 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 77 



Fall River city bonds, 
Marlborough city bonds, . 
Chelsea city bonds, . 
Chicago, Burlington & Quincy R.R. 
Pittsburgh (Pa.) city bonds, 
Maine Central R R. bonds, 
Illinois Central R.R. bonds, 
Eastern Railroad bonds, . 
Milwaukee city bonds, 
Stamford (Conn.) city bonds, 
9 shares Boston & Maine R.R., 
15 " Salem Gas Light Co., 
Columbus, Ohio, city bonds, 
New Bedford city bonds, . 
Minneapolis city bonds, . 
Northampton city bonds, . 



bonds, 



Book Value. 

$4,315 00 

1.092 50 
2,170 00 
1,037 50 
2,041 39 
2,137 50 
3,680 00 
2,220 00 

1.093 75 
1,051 25 

900 00 
1,500 00 
1,098 75 
2,152 50 
1,122 50 
1,020 00 



Market Value. 

f 4,150 00 
1,050 00 
2,097 50 
967 50 
2,000 00 
2,160 00 
3,487 50 
2,160 00 
1,055 00 
1,025 00 
1,613 00 
2,122 50 
1,031 25 
2,110 00 
1,110 00 
1,015 00 



$91,148 65 $91,544 49 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, MARLBOROUGH. 

[Incorporated May 18, 1855. Commenced business June 15, 1855.] 

W. C JEWETT, President. E. D. HOWE, Secretary. 

[Note. — Policies are issued for one, three and five years, ten per cent, of the premium 
notes being received in cash at the time of issuing the policy. The notes are assessed as 
necessity requires. No cash fund is accumulated.] 

Income. 

Net premiums,* $3,637.44; extra premiums, $21.93, . . $3,659 37 

Interest, 37 96 

Policy fees, 435 00 

From all other sources, 21 24 

Total income, $4,153 57 

Ledger assets, Dec. 31, 1901, 1,085 87 

Total, $5,239 44 

Disbursements. 

Net amount paid for losses, $422 65 

Commissions or brokerage, 489 13 

Salaries, fees, etc., of officers and employees, .... 450 00 

Taxes and fees, 35 40 

All other disbursements, 607 43 

Total disbursements, $2,004 61 

Balance, $3,234 83 



* Including $130.17 collected of previous years' premiums. 



78 SAUGUS MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 

Cash in banks and office, $2,915 71 

Agents' debits (gross), 319 12 

Total ledger assets, §3,234 83 

Non-Ledger Assets. 
Furniture, fixtures, safes, stationery and all other supplies, . 179 50 

Gross assets, $3,414 33 

Assets not admitted. 

Furniture, fixtures, safes, stationery and all 

other supplies, $179 50 

Ao-ents' debits over three months due, . . 39 00 

Total unadmitted assets, .... 218 50 

Total admitted assets, $3,195 83 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1901, $385,885 00 $3,447 64 M 7,238 20 

Risks written during 1902, . 399,758 00 3,691 26 18,456 30 

Total, $785,643 00 $7,138 90 $35,694 50 

Risks expired and terminated, . 38,490 00 324 18 1,620 90 

In force at end of year, . . £747,153 00 86,814 72 634,073 60 

Miscellaneous. 
Losses incurred during the year, -5423 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary. 

[Note. — This company insures nothing but dwellings, farm buildings and their con- 
tents, in Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, 
but assessments are made on deposit notes to pay losses and expenses. All policies are 
issued for a term of three years.] 

Income. 

Interest, § 10 

From assessments, 2,806 24 

From policy fees, 520 00 

Total income, f 3,326 34 

Ledger assets, Dec. 31, 1901, 1,352 40 

Total, 84,678 74 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 79 



Disbursements. 

Net amount paid for losses, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 

Taxes, 

Borrowed money, 

All other disbursements, 



Total disbursements, 

Balance, .....*.. 

Ledger Assets. 



|287 


08 


1,420 


00 


150 


00 


28 


67 


1,500 00 


349 77 


$ 3,735 52 


$943 


22 


$943 


22 



Cash in banks and office, .... 

Risks and Premiums. 

Amount. Conting't Preni's. 

Risks outstanding Dec. 31, 1901, . . . $2,766,900 00 $346,776 00 
Risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, . * . 

Miscellaneous 

Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 3,026 00 



930,525 00 119,327 00 



1,697,425 00 $466,103 00 
981,200 00 122,705 00 



$2,716,225 00 $343,398 00 



$287 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary. 

Permanent fund Dec. 31, 1902, $33,697 05 

Income. 

Net premiums, $2,529 47 

Interest on stocks and bonds, . . . . . . 1,100 00 

Profit on sale or maturity of ledger assets, .... 490 00 

Policy fees, 104 00 

Total income, . . . . ' $4,223 47 

Ledger assets, Dec. 31, 1901, 34,319 94 

Total, $38,543 41 



80 SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 



Disbursements. 

Net amount paid for losses, $24 23 

Profits on terminated policies, 2,447 19 

Salaries, fees, etc., of officers and employees, .... 958 99 

Rents, 120 00 

Taxes and fees, 26 58 

Loss on sale or maturity of ledger assets, .... 630 00 

All other disbursements, 132 80 

Total disbursements, . $ 4,339 79 

Balance, 834,203 62 

Ledger Assets. 

Stocks and bonds (schedule A), 826,397 06 

Cash in banks and office, 7,806 56 

Total ledger assets, 834,203 62 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 280 00 

Market value of stocks and bonds over book value, . . 793 44 

Gross assets, 835,277 06 

Liabilities. 

Unearned premiums on outstanding risks, .... £12,183 05 

Dividends due policy holders, 1,206 50 

Salaries and other miscellaneous expenses due or accrued, . 89 50 

All liabilities, except surplus, 813,479 05 

Surplus, 21,798 01 

Total liabilities, 835,277 06 

Risks and Premiums. 

Amount. Cash Prem's. Contingt Prem's. 

Risks outstanding Dec. 31, 1901, 81,139,993 00 $ 24,190 10 f 72,570 30 

Risks written during 1902, . 136,450 00 2,872 44 8,617 32 

Total, $1,276,443 00 $27,062 54 881,187 62 

Risks expired and terminated, . 141,450 00 2,969 69 8,909 07 

In force at end of year, . . 81,134,993 00 $24,092 85 $72,278 55 

Miscellaneous. 

Losses incurred during the year, 824 00 

Profits or surplus returned during 1902, 100 per cent. 



traders' and mechanics' mutual fire INSURANCE CO. 81 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

20 shares Warren National Bank, Peabody, . $ 2,000 00 §2,335 00 

20 " Nauinkeag National Bank, Salem, . 2,000 00 2,552 50 

12 " First National Bank, Salem, . . 1,200 00 843 00 

34 " First National Bank, Danvers, . . 2,550 00 2,380 00 

4 " State National Bank, Boston, . . 560 00 600 00 

4 " Andover National Bank, Andover, . 400 00 440 00 

1 " Cape Ann Nat'l Bank, Gloucester, . 150 00 140 00 
20 " Naumkeag Steam Cotton Co., . . 2,045 00 1,160 00 
20 " Androscoggin Mills, .... 2,000 00 2,380 00 

2 " Nashua Manufacturing Co., . . 960 00 1,160 00 
15 " N. Y , New Haven & Hartford R.R., 3,168 75 3,360 00 
Providence, R. I., city bonds, .... 4,184 44 4,380 00 
Boston & Maine R.R. bonds, .... 3,084 50 3,360 00 
N. Y. Central & Hudson River R.R. bonds, . 2,094 37 2,100 00 



|26,397 06 $27,190 50 



TRADERS 1 AND MECHANICS 1 MUTUAL FIRE INSURANCE 

COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
C. C. HUTCHINSON, President. E. 31. TUCKE, Secretary. 

Amount of permanent fund, $410,098 69 

Income. 

Net premiums,* $184,966.33 ; extra premiums, f 808. 03, . $185,774 36 
Interest on mortgage loans, $3,658.44; collaterals, $ 40 ; 

stocks and bonds, $20,811.08, 24,509 52 

Rents, 2,133 40 

Old notes, 611 05 

Total income, $213,028 33 

Ledger assets, Dec. 31, 1901, 583,753 03 

Total, $796,781 36 



Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, 



$54,094 89 

79,861 12 

25,553 24 

24,010 07 

2,534 10 



* Including $12,798.40 collected of previous years' premiums. 



(3 -J TRADERS* AND MECHANICS* MUTUAL FIRE INSURANCE CO. 

i 

Taxes and fees, $2,262 02 

Premiums on stocks and bonds, 10,437 50 

Total disbursements, i $198,752 94 

Balance, . $598,028 '42 

Ledger Assets. 

Real estate, §14,250; mortgages,* $80,940.60, . . .- $95,190 60 
Loans secured by collateral (12 shares N. E. Tel. & Tel. Co,, 

$1,680), 1,000 00 

Stocks and bonds (schedule A), 460,900 00 

Cash in banks and office 24,324 07 

Agents' debits (gross), 16,613 75 

Total ledger assets, $598,028 42 

Non-Ledger Assets. 

Interest due and. accrued : — 

On mortgages, $1,453.75; stocks and bonds, $1,370, . . 2,823 75 

Market value of stocks and bonds over book value, . . 82,825 00 

Gross assets, $683,677 17 

Liabilities. 

Unearned premiums on outstanding risks, .... $306,568 22 

Dividends due policy holders, 3,653 59 

Commissions and other charges due agents and brokers, . 2,042 06 

All liabilities, except surplus, $312,263 87 

Surplus, 371,413 30 

Total liabilities, $683,677 17 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $41,534,226 00 $622,646 49 $622,646 49 

Risks written during 1902, . 11,894,639 00 179,055 38 179,055 38 

Total, $53,428,865 00 $801,701 87 $801,701 87 

Risks expired and terminated, 12,587,622 00 189,397 98 189,397 98 

In force at end of year, . . $40,841,243 00 $612,303 89 $612,303 89 
* Value of land, $98,200; buildings, $94,550; insurance thereon, $71,300. 



traders' and mechanics' mutual FIRE INSURANCE CO. 83 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 20, 40 and 60 per cent. 



$54,095 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Andover town bonds, $ 15,000 00 $16,650 00 

Boston city bonds, 20,000 00 21,600 00 

Boston & Maine R.R. bonds, .... 20,000 00 24,800 00 

Fitchburg city bonds, 10,000 00 11,000 00 

Fitchburg R.R. bonds, 15,000 00 16,500 00 

Boston United Gas Co. bonds, .... 20,000 00 20,000 00 

Holyoke city bonds, 15,000 00 16,650 00 

Illinois Central R.R. bonds, .... 45,000 00 43,500 00 

Long Island R.R. bonds, 10,000 00 11,000 00 

Long Island & Flushing R.R. bond, . . 1,000 00 1,100 00 

Massachusetts State bonds, .... 25,000 00 25,000 00 

Maiden sewer bonds, 10,000 00 11,200 00 

Marlborough water bonds, .... 10,000 00 11,100 00 

Marblehead water bonds, 10,000 00 11,000 00 

Ogdensburg & Lake Champlain R.R. bonds, . 20,000 00 20,000 00 

Rutland Canadian R.R. bonds 20,000 00 20,000 00 

Quincy (111.) city bonds, 12,000 00 12,600 00 

New England R.R. bonds, .... 10,000 00 13,300 00 

Maine Central R.R. bonds, .... 20,000 00 20,800 00 

St. Johnsbury & Lake Champ. R.R. bonds, . 20,000 00 25,400 00 

Chicago sanitary bonds, 20,000 00 21,000 00 

35 shares Bigelow Carpet Co., . . . 3,500 00 3,710 00 

4 " Boott Cotton Mills, .... 4,000 00 2,400 00 

2 " Hamilton Manufacturing Co., . 2,000 00 1,500 00 

50 " Lawrence Gas Company, . . 5,000 00 7,250 00 

370 " Lowell Gas Company, . . . 37,000 00 92,500 00 

80 " Massachusetts Cotton Mills, . . 8,000 00 7,680 00 

34 " Massachusetts Cotton Mills, Ga., . 3,400 00 3,570 00 

110 " Merrimack Manufacturing Co., . 11,000 00 9,900 00 

15 " Middlesex Mills, .... 1,500 00 1,290 00 

50 " Tremont & Suffolk Mills, . . 5,000 00 5,150 00 

100 " Old Lowell National Bank, . . 10,000 00 11,200 00 

25 " Vermont & Mass. R.R., . . . 2,500 00 4,375 00 

200 " Mass. Electric Co., .... 20,000 00 19,000 00 



$460,900 00 $543,725 00 



84 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE 
COMPANY, SPRINGFIELD. 

[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.] 
CHARLES E. STICKNEY, Secretary. 

Income. 

Net premiums, f 2 50 

Assessments, • . . . 1 09 

Total income, $ 3 59 

Ledger assets, Dec. 31, 1901, 1,015 66 

Total, $1,019 25 

Disbursements. 

Salaries, fees, etc., of officers and employees, .... |5 00 

Taxes, 2 50 

Total disbursements, $7 50 

Balance, $1,011 75 

Ledger Assets. 

Cash in office, $911 75 

Cash in hands of collecting agents, 100 00 

Total ledger assets, #1,011 75 

Non-Ledger Assets. 
Due on account of assessments, . . . $50,494 44 

Liabilities. 

Unearned premiums on outstanding risks, .... $1 25 

Salaries and other miscellaneous expenses, due or accrued, . 8,065 15 

Due for return premiums and reinsurance, .... 3,189 19 

Miscellaneous, 2 82 

Total liabilities, $11,258 41 

Deficiency, 10,246 66 

Risks and Premiums. 

Amount. Cash Prem's. Contingt Prem's. 

Risks outstanding Dec. 31,1901, $500 00 $2 50 $7 50 

Risks written during 1902, . 500 00 2 50 7 50 

Total $1,000 00 $5 00 $15 00 

Risks expired and terminated, . 500 00 2 50 7 50 

In force at end of year, . . $500 00 $2 50 $7 50 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 85 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 

RICHARD NEWELL, President. MYRON H. GOODWIN, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on 
deposit notes to pay losses and expenses.] 

Income. 

Borrowed money, ....'..... $ 2,330 00 

Policy fees, 130 50 

Assessments on premium notes, 6,593 17 



Total income, $9,053 67 

Ledger assets, Dec. 81, 1901, 165 37 

Total, $9,219 04 

Disbursements. 

Net amount paid for losses, $5,343 84 

Commissions or brokerage, 335 01 

Salaries, fees, etc., of officers and employees, .... 415 75 

Rents, 17 00 

Taxes and fees, 62 39 

Borrowed money repaid, 2,530 00 

All other disbursements, 216 49 

Total disbursements, $8,920 48 

Balance, $298 56 

Ledger Assets. 

Cash in banks and office, $298 56 

Non-Ledger Assets. 

Unpaid assessments and policy fees, 180 92 

Office furniture, 75 00 

Gross assets, $554 48 

Assets not admitted. 

Furniture, fixtures, safes, stationery and all other supplies, . 75 00 

Total admitted assets, $479 48 

Liabilities. 

Interest due or accrued, 649 31 

Salaries and other miscellaneous expenses, due or accrued, . 213 50 

Commissions and other charges due agents and brokers, . 8 84 

Borrowed money, 2,300 00 

Total, $2,571 65 



86 WHITING MUTUAL INSURANCE CO. 



Risks outstanding Dec. 31, 1901, 
Risks written during 1902, 



Risks and Premiums. 

Amount. Conting't Prem'8. 

. $1,694,917 00 $106,821 13 

231,917 00 17,138 12 



Total, 

Risks expired and terminated, . 

In force at end of year, . 



$1,926,834 00 f 123,959 25 
320,847 00 19,584 49 



$1,605,987 00 $104,374 76 



Miscellaneous. 

Losses incurred during the year, $5,275 00 

Assessments laid on deposit notes or contingent premiums, . 6,781 00 



WHITING MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899.] 
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary. 

31 Milk Street. 

Income. 

Net premiums, * £18,416 95 

Interest on stocks and bonds, 1,332 04 

Total income, $19,748 99 

Ledger assets, Dec. 31, 1901, 29,719 21 

Total, ?49,468 20 

Disbursements. 

Net amount paid for losses, $7,911 20 

Profits on terminated policies, 4,585 89 

Salaries, fees, etc., of officers and employees, .... 1,275 12 

Taxes and fees, 195 94 

All other disbursements, 1,737 24 

Total disbursements, £15,705 39 

Balance, 833,762 81 

Ledger Assets. 

Bonds (schedule A) $30,000 00 

Cash in banks and office, 3,285 97 

Agents' debits (gross), 476 84 

Total ledger assets, $33,762 81 

* Including $791.28 collected of previous years' premiums. 



WHITING MUTUAL INSURANCE CO. 87 

Non-Ledger Assets. 

Interest due and accrued on bonds, $470 00 

Gross assets, $34,232 81 

Assets not admitted. 

Depreciation in book value of bonds, 115 00 

Total admitted assets, $34,117 81 

Liabilities. 

Unpaid losses, ' . . . $100 00 

Unearned premiums on outstanding risks, .... 29,610 62 

Taxes 16 68 

All liabilities, except surplus, $29,727 30 

Surplus, 4,390 51 

Total liabilities, $34,117 81 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $4,746,282 00 $41,42128 $82,842 56 

Risks written during 1902, . 2,998,098 00 21,190 91 42,381 82 

Total, $7,744,380 00 $62,612 19 $125,224 38 

Risks expired and terminated, . 2,015,709 00 9,112 86 18,225 72 

In force at end of year, . . $5,728,671 00 $53,499 33 $106,998 66 

Amount reinsured, . . . 475,635 00 1,750 69 3,501 38 

Net amount in force, . . $5,253,036 00 $51,748 64 $103,497 28 

Miscellaneous. 

Losses incurred during the year, $8,011 00 

Profits or surplus returned during 1902, 75 per cent. 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

Chicago Terminal Transfer R.R. bonds, . . $5,000 00 $4,250 00 

American Bell Telephone Co. bonds, . . 5,000 00 4,925 00 

New England Telephone & Telegraph bonds, 4,000 00 4,470 00 

American Tel. & Tel. Co. bonds, . . . 8,000 00 7,880 00 

Western Union Telegraph Co. bonds, . . 8,000 00 8,360 00 

$30,000 00 £29,fc85 00 



88 WORCESTER MANUFACTURERS 1 MUTUAL INSURANCE CO. 



WORCESTER MANUFACTURERS 1 MUTUAL INSURANCE 
COMPANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 
WALDO E. BUCK, President. CHARLES S. BACON, Secretary. 

Income. 

Net premiums, * § 442,637 15 

Interest on stocks and bonds, $16,638.08; all other, 81,464.67, 18,102 75 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Inspections, etc., 

Premium paid on bonds, .... 
All other disbursements, .... 



Total disbursements, .... 
Balance, 

Ledger Assets 

Stocks and bonds (schedule A), 

Cash hi banks and office, .... 

Agents 1 debits (gross) , 

Total ledger assets, 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Taxes, 

Premiums paid in advance, 

All liabilities, except surplus, . 



$460,739 90 
419,292 95 

8880,032 85 



831,976 38 
364,770 06 
10,147 60 
1,000 00 
4,635 25 
7,279 57 
1,360 00 
1,895 52 

8423,064 38 

$456,968 47 



8421,581 82 

29,593 82 

5,792 83 

§456,968 47 



6,323 16 
25,898 18 

8489,189 81 



81,079 45 

216,341 30 

1,430 48 

519 10 

8219,370 33 



Surplus, 269,819 48 

Total liabilities, 8489,189 81 



* Including $4,203.45 collected of previous years' premiums. 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 89 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1901, $50,552,696 00 $389,553 79 $1,947,768 95 
Risks written during 1902, . 57,883,816 00 451,502 10 2,257,510 50 



Total, .... $108,436,512 00 
Risks expired and terminated, . 53,657,623 00 



$841,055 89 $4,205,279 45 
408,373 29 2,041,866 45 



In force at end of year, 



. $54,778,889 00 $432,682 60 $2,163,413 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 92.41 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 



City National Bank (Worcester) stock, 

Connecticut River R.R. stock, . 

Norwich & Worcester R.R. stock, . 

Union Pacific R.R. stock, . 

Northwestern Tel. Co. stock, . 

Concord & Montreal R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & E. Illinois R.R. bonds, . 

Connecticut River R.R. scrip, . 

West End Street R'y bonds, 

Old Colony Steamboat Co. bonds, . 

Chic, Rock Island & Pacific R.R. bonds, 

Rutland R.R. bonds, .... 

Old Colony R.R. bonds, „ 

Fitchburg Railroad bonds, 

Boston & Maine R.R. bonds, . 

Union Pacific R.R. bonds, 

Oregon Short Line R.R. bonds, 

Oregon R.R. & Navigation Co. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds 

American Bell Telephone Co. bonds, 

American Tel. & Telegraph Co. bonds, 

Central R.R. of New Jersey bonds, . 

Ogdensburg & Lake Champlain R'y bonds, 

Wisconsin Central R'y bonds, . 

Chic. June. R'y & Union Stock Y'd Co. bonds 

Rio Grande Western R'y bonds, 

Toronto, Hamilton & Buffalo R'y bonds, 

Erie Railroad bonds, 

Cincin., Richmond & Muncie R.R. bonds, 



Book Value. 

$3,000 00 
25,000 00 
10,700 00 

7,700 00 
12,487 50 
20,000 00 
20,000 00 
20,000 00 
15,000 00 
13,000 00 
20,000 00 
15,000 00 

8,912 50 
10,000 00 
15,000 00 
15,000 00 
20,000 00 

7,000 00 
14,494 32 
10,000 00 
15,000 00 
25,000 00 

9,800 00 
10,000 00 
10,000 00 

9,200 00 

6,000 00 
10,000 00 

4,887 50 

9,400 00 
10,000 00 



830,534 00 



Market Value. 

$3,450 00 
28,000 00 
11,960 00 

9,200 00 
12,500 00 
21,600 00 
22,400 00 
20,000 00 
16,350 00 
13,000 00 
21,175 00 
15,000 00 

8,700 00 
10,200 00 
16,500 00 
16,050 00 
24,800 00 

7,250 00 
15,050 00 
10,000 00 
15,150 00 
24,500 00 

9,800 00 
13,500 00 
10,000 00 

9,200 00 

6,420 00 
10,000 00 

4,900 00 

9,200 00 
10,800 00 



90 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Chicago & Cincinnati R.R. bonds, 
Boston & Albany R.R. bonds, . 



Book Value. Market Value. 

85,000 00 $5,300 00 
15,000 00 15,525 00 



$421,581 82 $447,480 00 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.] 
LEWIS N. GILBERT, President. ROGER F. UPHAM, Secretary. 



Amount of permanent fund, 

Income. 

Net premiums,* $160,873.99 ; extra premiums, $717.16, 
Interest on mortgage loans, $16,069.17 ; collaterals, $358.41 
stocks and bonds, $13,621 ; all other, $470.14, 

Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



$420,000 00 



$161,591 15 

30,518 72 
8,213 84 
2,108 81 

$202,432 52 
760,561 52 

$962,994 04 



Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, .... 
Commissions or brokerage, .... 
Salaries, fees, etc , of officers and employees, . 
Repairs and expenses on real estate, 
Real estate taxes, $2,553.49 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 



Total disbursements, 
Balance, 



$1,881.09 



$40,021 6a 

76,061 60 

21,433 96 

14,954 02 

1,045 07 

4,434 58 

5,154 46 

6,460 92 

a 169,566 24 

6793,427 80 



Ledger Assets 

Real estate, $100,000; mortgages,! $295,381, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, . 
Agents' debits (gross), 
Loaned on personal security, . 

Total ledger assets, . 



$395,381 00 

6,950 00 

357,600 00 

9,920 48 

23,076 32 

500 00 

$793,427 80 



* Including $10,S57.79 collected of previous years' premiums. 

f Value of land, $176,600; buildings, $407,700; insurance thereon, $311,400. 



WORCESTER MUTUAL FIRE INSURANCE CO. 91 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $6,750. 05; stocks and bonds, $ 5,558. 13 ; col- 
lateral loans, $140.01, $12,448 19 

Rents due and accrued on company's property, . . . 806 57 

Market value of stocks and bonds over book value, . . 36,895 00 



Gross assets, $843,577 56 

Liabilities. 

Unpaid losses, $8,500 00 

Unearned premiums on outstanding risks, .... 308,202 97 

Dividends due policy holders, 15,771 23 

Commissions and other charges due agents and brokers, . 3,539 71 

Due for return premiums, 612 86 

All liabilities, except surplus, $336,626 77 

Surplus, . . . . 506,950 79 

Total liabilities, $843,577 56 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $44,194,831 00 $618,042 69 $618,042 69 

Risks written during 1902, . 11,362,249 00 156,11175 156,11175 

Total, $55,557,080 00 $774,154 44 $774,154 44 

Risks expired and terminated, . 11,218,663 00 155,033 42 155,033 42 

In force at end of year, . .$44,338,417 00 $619,12102 $619,12102 

Miscellaneous. 

Losses incurred during the year, $46,840 00 

Profits or surplus returned during 1902, 25, 50 and 70 per cent. 

Schedule A. 
Securities held as Collateral. 

Market Value. Loaned Thereon. 

60 shares Howard Bros. Manufacturing Co., . $6,000 00 $5,000 00 

Mechanics' Savings Bank book, . . . 1,092 30 450 00 

10 shares Sanford Sawtelle Co., . . . 1,000 00 500 00 

Illinois Central R.R. bond, . . . . 1,000 00 1,000 00 

$9,092 30 $6,950 00 



92 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Schedule B. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

85 shares Worcester National Bank, . . $8,500 00 $15,725 00 

22 " Central National Bank, . . . 2,200 00 2,530 00 

50 " Citizens' National Bank, . . . 5,000 00 7,250 00 

100 « City National Bank, . . 10,000 00 12,500 00 

34 " Mechanics' National Bank, . . 3,400 00 3,400 00 

45 " Quinsigamond National Bank, . 4,500 00 6,525 00 

40 " Fitchburg Nat'l Bank, Fitchburg, . 4,000 00 5,800 00 

10 " Oxford National Bank, Oxford, . 1,000 00 1,000 00 

15 " Blackstone Nat'l Bank, Uxbridge, . 1,500 00 1,500 00 

10 « First Nat'l Bank, Westborough, . 1,000 00 1,000 00 

25 " Wachusett Nat'l Bank, Fitchburg, . 2,500 00 3,125 00 

Boston & Maine R.R. bonds, . . . 15,000 00 17,600 00 

Boston & Albany Railroad bonds, . . . 10,000 00 10,600 00 

Cincin., Hamilton & Dayton R.R. bonds, . . 12,000 00 13,440 00 

Portland & Rumford Falls R.R. bonds, . . 27,000 00 27,540 00 

Fitchburg R.R. bonds 25,000 00 27,500 00 

N. Y., New Haven & Hartford R.R. bonds, . 20,000 00 21,800 00 

Worcester, Nashua & Rochester R.R. bonds, . 8,000 00 8,750 00 

Maine Central R.R. bonds, .... 5,000 00 5,650 00 

Penobscot Shore Line R.R. bonds, . . . 5,000 00 5,550 00 

Michigan Central R.R. bonds, .... 6,000 00 6,360 00 

West End Street Railway bonds, . . . 8,000 00 8,240 00 

Old Colony R.R. bonds, 20,000 00 22,200 00 

Illinois Central R.R. bonds, .... 26,000 00 26,000 00 

Chicago, Burl. & Quincy R.R. bonds, . . 15,000 00 15,000 00 

St. Paul, Minn. & Manitoba R.R. bonds, . . 5,000 00 5,600 00 

Boston & Lowell R.R. bonds, .... 50,000 00 51,500 00 

Chicago, Rock Island & Pacific R.R. bonds, . 10,000 00 10,800 00 

Concord & Montreal R.R. bonds, . . . 15,000 00 16,050 00 

Cincinnati, Rich. & Muncie R.R. bonds, . . 10,000 00 10,800 00 

Chicago & Cincinnati R.R. bonds, . . . 10,000 00 10,800 00 

Toledo, Walhomeding Valley & Ohio R.R. b'ds, 12,000 00 12,360 00 



f 357,600 00 £394,495 00 



AGGREGATE. 



93 



AGGREGATE. 



Guaranty capital, 
Admitted assets, 
Liabilities, 



Assets. 
Liabilities. 



Income. 

Cash received for premiums during the year, 
for interest and dividends, . 
for assessment on deposit notes, 
for rents, .... 
from all other sources, . 



Total income, 



Disbursements. 

Cash paid for losses, 

for brokerage and commissions on premiums, 
for salaries and fees of officers and employees, 
for State and local taxes, 

for rents, 

for return of profits or surplus, . 
for dividends on guaranty capital, 
for all other disbursements, 

Total disbursements, 

General Items. 

Risks outstanding at end of year, 

Amount of contingent premiums received thereon, 
of losses incurred during the year, 
of permanent fund, .... 



|100,000 

$12,310,677 

15,919,906 



$6,524,612 

439,050 

10,564 

40,467 

23,490 

$7,038,183 



$1,095,449 

300,628 

321,914 

84,150 

25,776 

4,218,172 

7,000 

304,664 

$6,357,753 



$997,514,226 

28,751,001 

921,826 

3,631,986 



94 



CHINA MUTUAL INSURANCE CO. 



MASSACHUSETTS MUTUAL FIRE -MARINE INSURANCE 

COMPANIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1S53. Commenced business Oct. 1, 1853.] 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 



Income. 

Net marine premiums, 

Interest on stocks and bonds, $5,592.60 ; all other, $970 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for marine losses, . 

Interest paid scrip holders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, 



Total ledger assets, 



06, 



Non-Ledger Assets. 



Salvage, 

Gross assets, 



* $311,902 73 

6,562 66 

$318,465 39 

301,499 28 

f619,964 67 



$243,792 78 

15,182 70 

21,255 77 

20,875 00 

3,650 00 

2,482 85 

7,534 83 

$314,773 93 

$305,190 74 



$172,722 00 
43,638 70 
41,701 27 
47,128 77 

$305,190 74 

7,030 00 
$312,220 74 



* Including $163.34 collected of previous years' premiums. 



CHINA MUTUAL INSURANCE CO. 



95 



Assets not admitted. 



Bills receivable, past due, 
Total admitted assets, 



.,287 00 



. $310,933 74 



Liabilities. 

Unpaid losses, including $3,000 resisted, f 58,130 ; less rein- 
surance, $9,907, $48,223 00 

Unearned premiums on outstanding risks, .... 129,610 46 

Unpaid scrip ordered to be redeemed, 60 00 

Interest due or accrued, 170 35 

Commissions and other charges due agents and brokers, . 1,000 00 

Due for return premiums, $1,000; reinsurance, $5,000, . . . 6,000 00 

All liabilities, except scrip and surplus, .... $185,063 81 
Surplus to policy holders, .... $125,869 93 

Scrip outstanding, not ordered to be redeemed, . . . 506,090 00 

Impairment of scrip reserve, 380,220 07 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 



Risks and Premiums. 

Premiums. 

.$10,106,636 00 $240,320 99 
. 26,835,221 00 390,062 05 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$36,941,857 00 $630,383 04 
. 27,305,016 00 398,506 84 



1,636,841 00 $231,876 20 
383,041 00 14,138 25 



>,253,800 00 $217,737 95 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine and inland losses incurred during the year, 



$18,962,723 00 

. 13,486,017 00 

224,433 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

450 shares N. Y„ N. H. & Hartford R.R., . $100,800 00 



200 " Boston & Albany R.R., . 
10 " Underwriters' Salvage Co., 
Atlantic Mutual Insurance Co. scrip, 
Boston & Maine R.R. bonds, 



51,800 00 
1,000 00 
4,122 00 

15,000 00 



Market Value. 

$100,800 00 

51,800 00 

1,000 00 

4,122 00 

15,000 00 



$172,722 00 $172,722 00 



96 INDIA MUTUAL INSURANCE CO. 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 2, 1867.] 

Guaranty Fund paid up in Notes, $155,000. 

H. B. ALDEN, President. GEO. H. CROWELL, Secretary. 

Office, 72 Kilby Street. 

Income. 

Net fire premiums, * $114,017 48 

Interest on stocks and bonds, 3,359 63 

Profit on sale or maturity of ledger assets, .... 203 75 

Total income, $117,580 86 

Ledger assets, Dec. 31, 1901 226,5*3 63 

Total, f344,134 49 

Disbursements. 

Net amount paid for fire losses, $53,470 28 

Interest and dividends to scrip holders, 4,178 02 

Commissions or brokerage, 22,388 16 

Salaries, fees, etc., of officers and employees, .... 7,299 00 

Rents, 1,500 00 

Taxes and fees, 952 95 

All other disbursements, 2,448 78 

Total disbursements, . • $92,237 19 

Balance, $251,897 30 

Ledger Assets. 

Stocks and bonds (schedule A), $73,846 88 

Cash in banks and office, 9,104 47 

Agents' debits (gross), 13,945 95 

Subscription notes on time not exceeding twelve months not 

yet due, 155,000 00 

Total ledger assets, $251,897 30 

Non-Ledger Assets. 

Interest due on stocks and bonds, 40 00 

Market value of stocks and bonds over book value, . . 28,008 12 

Gross assets, 8279,945 42 

Assets not admitted. 

Agents' debits over three months due, 914 43 

Total admitted assets, $279,030 99 

* Including $12,913.74 collected of previous years' premiums. 



INDIA MUTUAL INSURANCE CO. 



97 



Liabilities. 

Unpaid losses, $6,319.21 ; less reinsurance, $806.02, 
Unearned premiums on outstanding risks, $61,201.75 ; plus 

same on disallowed reinsurance, $ 21, 

Dividends due scrip holders, 

Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 



All liabilities, except guaranty fund, 
Surplus to policy holders, 

Guaranty fund, 

Scrip outstanding not ordered to be redeemed, 
Impairment of scrip reserve, .... 

Risks and Premiums. 



|207,958 88 



$5,513 19 

61,222 75 

762 93 

175 18 

2,997 36 

400 70 

$71,072 11 

155,000 00 

150,471 00 

97,512 12 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

),197 75 
116,330 31 

$206,528 06 
85,309 91 

$121,218 15 
3,427 35 

. $8,660,274 00 $117,790 80 



. $7,589,196 00 

. 8,861,218 00 

.$16,450,414 00 

. 7,490,037 00 

. $8,960,377 00 

300,103 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Schedule A. 



. $3,906,996 00 

. 2,790,475 00 

51,574 00 

122,735 00 



Chicago, Burlington & Quincy R.R. bonds, 
150 shares Old Colony Railroad, 



Stocks and Bonds owned by the Company. 

Book Value. 

$1,880 00 

18,750 00 

11,150 00 

9,872 75 

18,626 88 

2,383 25 

2,116 00 



80 " Boston & Maine Railroad, 

125 " West End St. R'y, . 

100 " N. Y., New Haven & Hart. R. 

25 " FitchburgR.R., 

10 " Boston & Albany Railroad, 

10 " Pullman Palace Car Co., 

10 " Southern Oregon Co., 

50 " American Tel. & Tel. Co., 



R., 



843 00 
8,225 00 



Market Value. 

$1,880 00 

31,050 00 

15,520 00 

14,000 00 

22,400 00 

3,550 00 

2,590 00 

2,300 00 

340 00 

8,225 00 



Company's own scrip, 



),801 QP 



$73,846 88 $101,855 00 



98 



AGGREGATE. 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, 

Assets. 

Liabilities. 

Income. 
Cash actually received for fire premiums, .... 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 


1155,000 
656,561 

$589,966 

-*256,136 

$114,017 

311,903 

9,922 

204 




$436,046 


Disbursements. 
Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
for brokerage and commissions on premiums, . 
for salaries and pay of officers and employees, . 

for rents, 

for State and local taxes, 

for office agency and incidental expenses, . 


?53,470 

243,793 

43,644 

28.174 

5,150 

3,436 

9,983 

19,361 




$407,011 


Miscellaneous. 

Fire risks outstanding at end of year, 

Marine risks outstanding at end of year, .... 

Fire losses incurred during the year, 

Marine losses incurred during the year, .... 


68,660,274 

9,253,800 

51,574 

224,433 



AMERICAN INSURANCE CO. 99 



MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND 
FIRE-MARINE INSURANCE COMPANIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June 18, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEA BODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilby Street. 

Income. 

Net fire premiums, * 554,571 28 

Interest on stocks and bonds, $22,078.12 ; all other, $1,051.57, 23,129 69 

Profit on sale or maturity of ledger assets, .... 6,18750 

Additional receipts from liquidated bank stocks, . . . 5,443 40 

From all other sources, 75 00 

Total income, $589,406 87 

Ledger assets, Dec. 31, 1901 . . 493,043 16 

Total, $1,082,450 03 

Disbursements. 

Net amount paid for fire losses, $192,187 51 

Interest and dividends to stockholders, 19,500 00 

Commissions or brokerage, 103,900 34 

Salaries, fees, etc., of officers and employees, .... 19,101 45 

Rents, 2,140 00 

Taxes and fees, 10,340 71 

Loss on sale or maturity of ledger assets, .... 202 50 

All other disbursements, 28,411 03 

Total disbursements, $375,783 54 

Balance, $706,666 49 

Ledger Assets. 

Stocks and bonds (schedule A), $530,904 00 

Cash in banks and office, 40,447 08 

Agents 1 debits (gross), 135,315 41 

Total ledger assets, $706,666 49 

* Including $77,467.30 collected of previous years' premiums. 



100 



AMERICAN INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 
Rebate on taxes, 



$4,485 35 

147,084 00 

800 00 



Gross assets, $859,035 84 



Liabilities. 
Unpaid losses, $55,509.89 ; less reinsurance, $7,308.21, . 
Unearned premiums on outstanding risks, $322,820.78; plus 

same on disallowed reinsurance, $597.35, . 
Salaries and other miscellaneous expenses due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $17,335.99 ; reinsurance,$ll,137.23, 



$48,201 68 

323,418 13 

6,406 42 

28,115 70 

28,473 22 

$434,615 15 

300,000 00 

124,420 69 

Total liabilities $859,035 84 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$424,420 69 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



.$46,222,428 00 
. 48,916,281 00 

. $95,138,709 00 
. 36,861,140 00 

.$58,277,569 00 
. 6,764,257 00 



Premiums. 

$511,040 57 
605,669 27 

(1,116,709 84 
423,174 75 

$693,535 09 
84,500 32 



$51,513,312 00 $609,034 77 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6.5 per cent), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

Old Boston National Bank stock, . . . $22,200 00 

New England National Bank stock, . . 6,200 00 

State National Bank stock, .... 9,877 50 

National Union Bank stock, .... 28,000 00 



$13,824,040 00 

8,936,025 00 

201,940 00 

2,898,000 00 

19,500 00 

56,000 00 



Market Value. 

624,420 00 

9,796 00 

13,5C0 00 

47,600 00 



BOSTON INSURANCE CO. 



101 



Merchants' National bank stock, 

Tremont National Bank stock (in liquidation) 

National Shawmut Bank stock, 

Washington Nat'l Bank stock (in liquidation) 

Suffolk National Bank stock (in liquidation), 

Boston & Albany R R. stock, . 

Boston & Lowell R.R. stock, 

Old Colony R.R. stock, .... 

Massachusetts Electric Co. stock, 

Merrimack Manufacturing Co. stock, 

Pemberton Building Trust stock, 

Claverly Trust stock, .... 

Chicago, Burlington & Quincy R.R. bonds, 

Eastern R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 
Cin., Indianapolis, St. Louis & Chic. R.R. bonds 
State of Massachusetts bonds, . 
Boston Terminal Co. bonds, 
Somerset Hotel Trust bonds, . 
Northern Pacific & Gt. Northern Joint bonds, 
Atch., Topeka & Santa Fe R.R. bonds, 
Central Union Telephone Co. bonds, 
American Tel. & Telegraph Co. bonds, . 
Eastern Steamship Co. bonds, . 
Pennsylvania Steel Car Trust bonds, 



Book Value. 

$10,000 00 

1,400 00 

17,700 00 



66,872 00 

6,500 00 

20,000 00 

9,945 00 

8,000 00 

10,300 00 

5,000 00 

45,000 00 

20,000 00 

25,000 00 

40,000 00 

18,714 50 

22,296 00 

50,000 00 

7,540 00 

15,000 00 

25,117 00 

20,000 00 

10,480 00 

9,762 00 



Market Value. 

$19,100 00 

280 00 

28,674 00 

690 00 

330 00 

124,838 00 

15,665 00 

41,400 00 

9,690 00 

7,200 00 
10,100 00 

5,250 00 
45,000 00 
21,400 00 
32,000 00 
40,400 00 
18,585 00 
23,200 00 
51,500 00 

7,520 00 
14,550 00 
25,250 00 
19,650 00 
10,400 00 
10,000 00 



$530,904 00 $677,988 00 



BOSTON INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 95 Kilby Street. 

Income. 

Net fire premiums, $457,476.34; marine, $801,939.51, * $1,259,415 85 

Interest on mortgage loans, $51,231.07 ; collaterals, $2,202.20 ; 

stocks and bonds, $62,767.96 ; all other, $9,094.35, . . 125,295 58 

Rents, 2,131 49 

Profit on sale or maturity of ledger assets, .... 1,395 81 

From all other sources, 6,625 36 

Total income, $1,394,864 09 

Ledger assets, Dec. 31, 1901, 3,478,006 78 

Total $4,872,870 87 

* Including $317,311.01 collected of previous years' premiums. 



102 



BOSTON INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, $314,877.61; marine, 

$536,135.04, $851,012 65 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 179,638 00 

Salaries, fees, etc., of officers and employees, .... 128,656 12 

Rents, 12,675 00 

Repairs and expenses on real estate, 845 10 

Real estate taxes, $312 ; other taxes and fees, $35,869, . . 36,181 00 

Loss on sale or maturity of ledger assets, .... 9,022 44 

Return premiums and reinsurance, . . . . . 13,213 16 

All other disbursements, 51,738 81 

Total disbursements, $1,402,982 28 

Balance, $3,469,888 59 



Ledger Assets 

Real estate, $15,000; mortgages.f $1,255,150, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' debits (gross), 

Bills receivable, .... 

Atlantic Mutual Insurance Co. scrip, 



$1,270,150 00 

17,250 00 

1,496,799 53 

378,989 27 

224,302 98 

79,836 81 

2,560 00 



Total ledger assets, $3,469,888 59 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $10,500.52; stocks and bonds, $4,560 ; other 

assets, $53.92 15,114 44 

Market value of stocks and bonds over book value, . . 221,770 47 
Return premiums and reinsurance, 6,437 80 



Gross assets, 



$3,713,211 30 



Assets not admitted. 

Agents 1 debits over three months due, . . $10,128 44 

Bills receivable, past due, .... 120 38 

Total unadmitted assets, .... 



10,248 82 



Total admitted assets, 



$3,702,962 48 



t Value of property, $2,702,100; insurance thereon, $1,059,300. 



BOSTON INSURANCE CO. 



103 



Liabilities. 
Unpaid losses, including $ 1,000 resisted, $187,056.13; less 

reinsurance, $5,307.96, $181,748 17 

Unearned premiums on outstanding risks, .... 660,423 42 

Commissions and other charges due agents and brokers, . 27,796 71 

Due for return premiums and reinsurance, .... 2,048 17 



All liabilities, except capital and surplus, . . . $872,016 47 
Surplus to policy holders, .... $2,830,946 01 

Paid-up capital, $1,000,000 00 

Surplus over capital and general liabilities, .... 1,830,946 01 



Total liabilities $3,702,962 48 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



.$97,319,450 00 
. 74,561,458 00 

$171,880,908 00 
. 72,516,400 00 

. $99,364,508 00 
. 19,810,409 00 



Premiums. 

$1,020,006 02 

752,069 05 

$1,772,075 07 

741,327 37 

$1,030,747 70 

203,899 19 



. $79,554,099 00 $826,848 51 



. $6,657,368 00 
. 143,601,853 00 

$150,259,221 00 
. 143,541,644 00 

. $6,717,577 00 
346,717 00 



$403,012 30 
1,018,554 54 

$1,421,566 84 
1,038,667 11 

$382,899 73 
23,925 39 



1,370,860 00 $358,974 34 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent), . 
Company's stock owned by directors, . 



$35,095,608 00 

. 23,513,521 00 

325,745 00 

702,211 00 

. 2,480,000 00 

120,000 00 

87,200 00 



104 



BOSTON INSURANCE CO. 



83 shares Boston Safe Deposit & Trust Co., 
25 " Martha's Vineyard National Bank, 



Schedule A. 
Securities held as Collateral. 

Market Value. 

$22,2*4 00 
3,125 00 



Loaned Thereon. 

$15,000 00 
2,250 00 



$25,369 00 $17,250 00 



Schedule B. 

Stocks and Bonds owned by the 



Boston city bonds, .... 

Chicago, Burl. & Quincy R.R. bonds, 

Brookline Gas Light Co. bonds, 

Newton city bonds, .... 

West Shore R.R. bonds, . 

Boston & Lowell R.R. bonds, . 

Oregon Short Line R.R. bonds, 

Fitchburg R.R. bonds, 

Wisconsin Central R.R. bonds, 

Illinois Central R.R. bonds, 

N. Y. Cent. & Hudson River R.R. bonds, 

Old Colony R.R. bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Southern R'y Co. bonds, . 

Eastern Steamship Co. bonds, . 

Pennsylvania R.R. Co. bonds, . 

900 shares American Tel. & Tel. Co , 

350 " Boston & Albany R.R., . 

100 " Boston & Lowell R.R., . 

250 " Fitchburg R.R. Co., 

920 " N. Y. Cent. & Hudson R. R.R. Co., 

400 " N. Y., N. H. & Hartford R.R. Co , 

100 " Old Colony R.R. Co., 

300 " Pullman Palace Car Co., 

50 " Conn. & Passumpsic R. R.R. Co., 
120 " Wisconsin Central R'y Co., 
220 " Chic, Milwaukee & St. Paul R'y, 
800 " Pennsylvania R.R. Co., 

30 " Manchester & Lawrence R.R. Co., 

66 " Edison Electric Illuminating Co., 
200 " Manchester Mills, 
100 " Atlantic Bank, . 

73 " Atlas Bank, 
130 " Beverly Bank, . 
100 " Brookline Bank, 
182 " . Commercial Bank, 
100 " Exchange Bank, 
100 " First Bank, 



Company. 

Book Value. 

$126,148 33 
10,000 00 
25,448 96 
25,500 00 
5,175 00 
25,500 00 
10,600 00 
36,697 91 
11,718 33 
23,750 00 
33,412 50 
16,462 50 
61,607 43 
2,510 22 
50,000 00 
10,000 00 
121,457 63 

72.624 27 
16,412 50 
20,808 38 

119,500 00 
75,952 50 
17,712 50 
35,411 25 

6,213 25 

7,812 23 
24,362 50 
46,928 13 

7,657 50 
15,772 51 
28,000 00 
15,593 00 

9,273 08 
16,603 00 
10,000 00 
34,955 00 

11.625 00 
19,855 00 



Market Value. 

$137,125 00 
10,100 00 
26,000 00 
27,062 50 

5.612 50 
28,000 00 
13,075 00 
38,687 50 
11,160 00 
24,250 00 
32,725 00 
16,556 25 
83,790 00 

1,990 00 
50,000 00 
10,000 00 
141,150 00 
90,650 00 
23,900 00 
35,500 00 
138,920 00 
88,800 00 
20,700 00 
69,000 00 

8,050 00 

4,807 50 
39,297 50 
62,350 00 

7,500 00 
17,490 00 
16,000 00 
12,800 00 

8,796 50 
18,590 00 
12,625 00 
24,570 00 
15,275 00 
17,500 00 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



105 



100 shares 


125 


it 


17 


it 


166 


it 


250 


ii 


100 


m 


250 


t< 


100 


u 


200 


II 


100 


II 


150 


II 


100 


M 


150 


CI 


200 


II 


262 


ti 


52 


ii 


50 


it 



First Bank, Salem, . 
Freeman's Bank, 
Grand Bank, Marblehead, 
Lincoln Bank (in liquidation) 
Massachusetts Bank, 
Mercantile Bank, Salem, 
Merchants' Bank, . 
Merchants' Bank, Salem, 
National Shawmut Bank, 
Naumkeag Bank, Salem, 
New England Bank, 
Old Boston Bank, . 
Republic Bank, 
Second Bank, . 
State Bank, 

National Suffolk Bank, 
Tremont Bank (in liquidation), 



Book Value. 

$12,793 13 

11,050 00 

2,040 00 

2,160 00 

25,045 50 

12,285 37 

38,927 00 

6,822 75 

30,000 00 

14,290 00 

20,584 00 

12,097 75 

19,391 12 

36,987 50 

34,411 08 

5,547 42 

3,306 50 



Market Value. 

$7,025 00 

13,500 00 

1,870 00 

1,660 00 

32,250 00 

10,000 00 

47,812 50 

6,500 00 

48,225 00 

12,762 50 

24,000 00 

11,012 50 

24,881 25 

37,950 00 

39,300 00 

6,916 00 

2,500 00 



,496,799 53 $1,718,570 00 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823. J 

Paid-up Capital, $400,000. 

GEO. R. ROGERS, President. JAMES SIMPSON, Secretary. 

Office, 47 Kilby Street. 

Income. 

Net fire premiums, * f 587,074 83 

Interest on mortgage loans, $6,803.65; collaterals, $1,014.44 

stocks and bonds, $16,841.65, 24,659 74 

Profit on sale or maturity of ledger assets, .... 4,204 52 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

All other disbursements, .... 



Total disbursements, 
Balance, 



$615,939 09 
592,100 89 

$1,208,039 98 



$215,048 22 

32,000 00 

123,544 19 

24,755 68 

4,324 92 

9,764 99 

20,820 12 

$430,258 12 

$777,781 86 



Including $74,910.26 collected of previous years' premiums. 



106 MERCANTILE FIRE AND MARINE INSURANCE CO. 



Ledger Assets. 

Mortgages,* f200,100 00 

Loans secured by collateral (500 shares Long Island R.R.), . 12,000 00 

Stocks and bonds (schedule A), 419,907 72 

Cash in banks and office, 43,800 75 

Agents' debits (gross), 101,973 39 



Total ledger assets, 1777,781 86 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $1,349.87 ; stocks and bonds, $4,228.32 ; col- 
lateral loans, $186, 5,764 19 

Market value of stocks and bonds over book value, . 91,814 28 



Gross assets, $875,360 33 

Assets not admitted. 
Agents' debits, over three months due, 1,103 86 



Total admitted assets, $874,256 47 

Liabilities. 

Unpaid losses, including $8,618.50 resisted, $70,882.38; 

less reinsurance, $11,412.71, 559,469 67 

Unearned premiums on outstanding risks, $324,324.29 ; plus 

same on disallowed reinsurance, $2,464.39, . . . . 326,788 68 

Salaries and other miscellaneous expenses due or accrued, . 1,621 29 

Commissions and other charges due agents and brokers, . 9,519 24 

Due for return premiums, $9,597.36 ; reinsurance, 66,856.48, 16,453 84 



All liabilities, except capital and surplus, . . . $413,852 72 
Surplus to policy holders, .... $460,403 75 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 60,403 75 

Total liabilities, $874,256 47 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

.852,242,103 00 $575,188 81 
. 56,324,588 00 707,135 84 



$108,566,691 00 $1,282,324 65 
. 43,970,055 00 498,167 48 



. $64,596,636 00 $784,157 17 
. 20,054,396 00 203,290 10 



. $44,542,240 00 $580,867 07 



* Value of land, $230,125; buildings, $207,100; insurance thereon, $213,250. 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



107 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$10,559,629 00 
. 6,504,454 00 

246,759 00 
, 2,340,720 00 

100,000 00 
32,000 00 

144,300 00 



Schedule A. 

Stocks and Bonds owned by the Company, 

Book Value. Market Value. 

City of Boston bonds, $10,000 00 $10,650 00 

Kan. City, Ft. Scott & Memphis R.R. bonds, . 5,000 00 6,100 00 

Oregon Railway & Navigation Co. bonds, . 10,040 00 10,100 00 

Concord & Montreal R.R. bonds, . . . 10,000 00 10,700 00 

Old Colony R.R. bonds, 25,000 00 27,200 00 

City of Cambridge, Mass., bonds, . . . 5,000 00 5,287 00 

Boston & Albany R.R. bonds 15,000 00 15,750 00 

Boston & Lowell R.R. bonds, .... 5,000 00 5,250 00 

City of Lowell, Mass., bonds, .... 5,000 00 5,525 00 

Boston & Maine R.R. bonds, . . . . 10,000 00 11,300 00 

City of Taunton bonds 5,000 00 5,550 00 

Fitchburg R.R. bonds, ...... 14,000 00 14,525 00 

City of Providence, R. L, bonds, . . . 10,000 00 11,200 00 

Boston Terminal Co. bonds, .... 20,700 00 23,000 00 

N. Y., New Haven & Hartford R.R. bonds, . 10,000 00 10,350 00 

West End R.R. bonds, 15,000 00 15,600 00 

Chicago, Burlington & Quincy R.R. bonds, . 48,965 00 48,910 00 

Northern Pacific & Great Northern R.R. bonds, 14,775 00 14,100 00 

St. Louis Transit Collateral Trust bonds, . 14,700 00 14,550 00 

Illinois Central R.R. (St. Louis) bonds, . . 9,000 00 8,700 00 

American Telephone & Telegraph Co. bonds, . 14,900 00 14,775 00 

Chicago, Rock Island & Pacific R.R. bonds, . 10,000 00 10,000 00 

N. Y., New Haven & Hartford R.R. bonds, . 7,323 75 7,245 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 9,961 00 9,700 00 

N. Y. Central R.R. bonds, .... 7,000 00 7,000 00 

Town of Framingham note, .... 10,000 00 10,000 00 

New England National Bank stock, . . 16,000 00 24,800 00 

National Shawmut Bank stock, . . . 5,500 00 13,750 00 

State National Bank stock, .... 13,300 00 19,950 00 

Suffolk National Bank stock, .... 12,400 00 16,120 00 

Union National Bank stock, .... 20,000 00 34,000 00 

Boston & Providence R.R. stock, . . . 18,448 22 60,000 00 

Lyman Mills stock, 9,394 75 6,500 00 

Union Pacific R.R. stock, 3,500 00 3,535 00 



$419,907 72 $511,722 00 



108 NORTH AMERICAN INSURANCE CO. 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

PAiD-ur Capital, $200,000. 

CHARLES E. MACULLAK, President. CHARLES L. WOODSIDE, Secretary. 

Office, 59 Kilby Street. 

Income. 

Net fire premiums, * $88,87/1 06 

Interest on mortgage loans, $2,194.80; stocks and bonds, 

$4,487.12; all other, $281.21 6,963 13 

Rents, 1,250 12 

Profit on sale or maturity of ledger assets, .... 8,279 04 

Borrowed money, 40,000 00 

On account of reinsurance, 32,500 00 

Total income $177,863 35 

Ledger assets, Dec. 31, 1901, 253,097 38 

Total, $430,960 73 

Disbursements. 

Net amount paid for fire losses, $88,363 08 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 31,380 85 

Salaries, fees, etc., of officers and employees, .... 22,984 13 

Rents, 4.377 00 

Repairs and expenses on real estate, 88 40 

Real estate taxes, $528.22 ; other taxes and fees, $4,271 .01, . 4,799 23 

All other disbursements, .941 30 

Total disbursements, $172,933 99 

Balance, $258,026 74 

Ledger Assets. 

Real estate, $38,000 ; mortgages,! $39,000, .... $77,000 00 

Stocks and bonds (schedule A), . . . . . 112,557 00 

Cash in banks and office, 18,358 47 

Agents 1 debits (gross), 28,858 38 

Bills receivable, not matured, 17,752 89 

All other ledger assets, 3,500 00 

Total ledger assets, $258,026 74 

* Including $24,286.12 collected of previous years' premiums. 

t Value of land, $29,700; buildings, $66,200; insurance thereon, $57,900. 



NORTH AMERICAN INSURANCE CO. 



109 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $486.53; stocks and bonds, f 1,23 1. 66, 
Rents accrued on company's property, . 
Return premiums and reinsurance, .... 



1 1,718 19 

129 38 

2,369 26 



Gross assets, $262,243 57 



Assets not admitted. 
Agents 1 debits over three months due, 

Total admitted assets, .... 



498 62 



$261,744 95 



Liabilities 

Unpaid losses, including $3,500 resisted, $15,068.54; less 

reinsurance, $9,233.92, $5,834 62 

Interest accrued, 218 75 

Salaries and other miscellaneous expenses, due or accrued, . 500 00 

Commissions and other charges due agents and brokers, . 4,328 75 

Borrowed money, 40,000 00 

All liabilities, except capital and surplus, . . . $50,882 12 
Surplus to policy holders, .... $210,862 83 

Paid up capital, 200,000 00 

Surplus over capital and general liabilities, .... 10,862 83 

Total liabilities $261,744 95 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . . $26,503,031 00 A [$257,221 34 
Fire risks written during 1902, . . . 18,183,300 00 211,492 30 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 



$44,686,331 00 $468,713 64 
13,955,642 00 181,962 68 



$30,730,689 00 $286,750 96 
30,730,689 00 286,750 96 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$3,742,689 00 

2,981,777 00 

86,250 00 

388,000 00 

10,000 00 

59,300 00 



110 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Chicago, Burlington & Quincy R.R. bonds, . $ 13,230 00 $13,230 00 

Central R.R. of Vermont bonds, . . . 4,350 00 4,350 00 

Ogdensburg & Lake Champlain R R. bonds, . 4,080 00 4,080 00 

Union Pacific R.R. bonds, 15,450 00 15,450 00 

Chic. June. & Union Stock Yards R.R. bonds, . 5,400 00 5,400 00 

American Bell Telephone Co. bonds, . . 14,775 00 1 4,775 00 

City of Newton bonds, 17,100 00 17,100 00 

Exchange Nat'l Bank, Boston, stock, . ., 2,592 00 2,592 00 

Old Boston Nat'l Bank stock, .... 15,730 00 15,730 00 

State National Bank stock, .... 11,250 00 11.250 00 

Northern N. H. R.R. stock 8,600 00 8,600 00 



$112,557 00 1112,557 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851. J 

Paid-up Capital, $2,000,000. 

A. W. DAMON, President. W. J. MACKAY, Secretary. 

Income. 

Net fire premiums, * $ 3,545, 454 56 

Intereston mortgage loans, $27,308. 66 ; collaterals, f 1,043.74 ; 

stocks and bonds, $ 157,315. 06 185,667 46 

Rents, including company's own occupancy, .... 12,267 57 
Profit on sale or maturity of ledger assets, .... 32,876 50 



Total income, 
Ledger assets, Dec. 31, 1901, 



$3,776,266 09 
4,253,953 56 



Total f8,030,219 65 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Real estate taxes, $2,212.70 ; other taxes and fees, $104,583. 67, 



$1,705,110 78 
200,000 00 
551,936 15 
133,891 72 
5,800 00 
106,796 37 



* Including $543,336.02 collected of previous years' premiums. 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Ill 



Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 



$7,891 29 
275,181 16 

. $2,986,107 47 



Balance $5,044,112 18 



Ledger Assets. 

Real estate, $207,190.56; mortgages,* $553,650, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 debits (gross), 

Total ledger assets, 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $13,545.91; stocks and bonds, $30,217; col- 
lateral loans, $534.37, 

Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



$760,840 56 

21,375 00 

3,305,988 65 

321,014 06 

634,893 91 

55,044,112 18 



Gross assets, 



44,297 28 

511 59 

20,309 44 

1,045,161 35 

56,154,391 84 



Assets not admitted. 

Special deposits less $40,023.15 liability 

thereon, 

Excess of loan over market value, . 

Total unadmitted assets, . . . . — 



$47,976 85 

200 00 



48,176 85 



Total admitted assets, 



1,106,214 99 



Liabilities. 

Unpaid losses, including $34,708.32 resisted, $399,572.45 
less reinsurance, $110,883.44, 

Unearned premiums on outstanding risks, $2,226,653.55 ; plus 
same on disallowed reinsurance, $9,077.35, . 

Commissions and other charges due agents and brokers, 



Total 

Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, . 



. $3,454,816 30 



$288,689 01 

2,235,730 90 
126,978 78 

$2,651,398 69 

2,000,000 00 
1,454,816 30 



Total liabilities, $6,106,214 99 



* Value of land, $382,000; buildings, $659,200; insurance thereon, $672,475. 



112 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$447,150,159 00 $4,488,573 27 
. 344,126,386 00 4,147,138 83 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$791,276,545 00 $8,635,712 10 
. 353,914,760 00 3,727,234 49 



$437,361,785 00 $4,908,477 61 
. 61,625,446 00 648,261 58 



$375,736,339 00 $4,260,216 03 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$51,396,881 CO 

30,654,488 00 

1,669,163 00 

4,354,542 00 

1,500,000 00 

200,000 00 

128,100 00 



Schedule A. 

Securities held as Collateral. 



30 shares Third National Bank, Springfield, . 



Market Value. Loaned Thereon. 

66,300 00 $2,775 00 



68 " 


Boston & Albany R.R. Co., 


17,340 00 ) 
29,700 00 S 


6,500 00 


135 " 


N. Y., N. H. & Hartford R.R., 


15 " 


Agawam National B'k, Springfield, 


900 00 


1,100 00 


90 " 


Revere, Mass., Water Co., 


18,000 00 


9,000 00 


30 " 


Eastern Oil Co., Olean, N. Y., 


3,150 00 


2,000 00 




$75,390 00 


$21,375 00 


i 


Schedule B. 








Stocks and Bonds owned by the 


Company. 








Book Value. 


Market Value. 


250 shares Atch., Topeka & Santa Fe R'y, . 


$24,656 25 


825,000 00 


1,500 * 


' Boston & Albany R.R., . 


195,086 38 


382,500 00 


500 • 


' Boston & Lowell R.R., . 


111,425 37 


117,500 00 


1,150 ' 


' Chicago, Mil. & St. Paul R'y, 


151,746 25 


216,500 00 


400 « 


' Connecticut River R.R., 


98,800 00 


112,000 00 


500 ■ 


' Conn. & Passumpsic Rivers R.R., 


50,000 00 


52,500 00 


500 ■ 


' Fitchburg R.R., .... 


51,875 00 


70,000 00 


900 • 


1 Illinois Central R.R., . 


101,368 78 


126,000 00 


1,000 ' 


■ N. Y. & Harlem R.R 


55,300 00 


200,000 00 


2,050 ' 


' N. Y., N. H. & Hart. R.R , . 


263,975 54 


451,000 00 






SPRINGFIELD FIRE AND MARINE INSURANCE CO. 113 



500 shares Old Colony R.R., . 

3,000 " Pennsylvania R.R., 

240 " Rome, Watert'n & Ogdens. R R., 

1,000 M Union Pacific R.R., 

200 " Fourth National Bank, N. Y., 

100 rt National B'k of Commerce, N. Y. 

200 " Nat'l Bank of No. America, N. Y. 

100 " Atlas National Bank, Boston, 

150 " Boylston National Bank, Boston, 

100 il Eliot National Bank, Boston, 

62 " Freeman's National Bank, Boston 

150 " Merchants' National B'k, Boston 

250 " Nat'l Bank of Commerce, Boston 

100 " Nat'l B'k of the Republic, Boston 

143 " National Exchange Bank, Boston 

150 " National Shawmut Bank, Boston 

80 " National Suffolk Bank, Boston, 
100 " National Webster Bank, Boston, 
100 " New England Nat'l Bank, Boston 
100 " Old Boston Nat'l Bank, Boston, 
120 " Agawam Nat'l Bank, Springfield 
250 " Chapin Nat'l Bank, Springfield, 
300 " Chicopee Nat'l Bank, Springfield 
150 " City National Bank, Springfield, 
346 " First National Bank, Springfield 
200 " John Hancock N'IB'k, Springfield 
266 " Second Nat'l Bank, Springfield, 
320 " Third National Bank, Springfield 
193 " First National Bank, Chicopee, 

81 " Franklin Co. Nat'l B'k, Greenfield 
300 " City National Bank, Holyoke, 
100 " Monson National Bank, Monson, 

20 „ " Adams Nat'l Bank, No. Adams, 

60 " First Nat'l Bank, Northampton, 

50 " Northampton N'l B'k, N'hampton 

37 " Palmer National Bank, Palmer, 

75 " Ware National Bank, Ware, 

100 " St. Paul N'l B'k, St. Paul, Minn. 

500 " Pullman's Palace Car Co., 

500 " Wells, Fargo & Co., . 

140 " Hampshire St. Railway, 

700 " Holyoke Street Railway, 

1,000 " Springfield Street Railway, 

1,500 " West End Street Railway, 

1,000 " Worcester Ry's and Investm't Co 

United States bonds, .... 

Boston city bonds, .... 
Valencia Co., New Mexico, bonds., . 



Book Value. 

f91,081 26 

182,939 01 

22,900 00 

73,350 00 

23.880 75 
12,502 63 
28,212 76 
10,386 87 
21,238 00 
10,496 75 

6,746 75 
20,083 00 
34,512 13 
15,050 00 
19,554 12 
22,500 00 
10,160 00 
10,797 38 
15,220 50 
12,216 25 
25,424 00 
31,302 50 
41,694 00 
20,400 00 

48.881 00 
24,094 50 
41,275 00 
50,290 00 
27,228 00 
10,184 00 
33,328 75 
13,331 00 

2,910 00 

8,686 50 

7,524 00 

5,355 00 

8,289 55 

10,000 00 

53,411 60 

111,937 50 

14,000 00 

117,385 00 

185,828 00 

133,650 00 

101,412 50 

68,518 75 

27,075 00 

10,550 00 



Market Value. 

$102,500 00 
225,000 00 
32,400 00 
90,000 00 
45,000 00 
31,000 00 
44,000 00 
12,000 00 
16,500 00 
16,500 00 
6,510 00 
28,500 00 
37,500 00 
16,000 00 
21,450 00 
36,000 00 
10,400 00 
11,500 00 
15,500 00 
11,000 00 
7,200 00 
30,000 00 
46,500 00 
21,750 00 
38,060 00 
21,000 00 
35,910 00 
67,200 00 
25,090 00 
8,505 00 
34,500 00 
13,500 00 
2,300 00 
7,500 00 
10,000 00 
3,700 00 
7,875 00 
10,000 00 
112,500 00 
112,500 00 
14,000 00 
154,000 00 
220,000 00 
155,000 00 
105,000 00 
78,000 00 
25,000 00 
10,000 00 



114 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Chicago, Burlington & Quincy R.R. bonds, 
Chic. & Northwesfn R'y Sinking fund bonds, 
N. Y., New Haven & Hartford R.R. bonds, 
Northern Pacific-Great Northern bonds, 
Oregon Short Line bonds, 
Pennsylvania R.R. bonds, 
St. Paul, Minn. & Manitoba R'y bonds, 
Union Pacific bonds, .... 
American Writing Paper Co. bonds, 
Berkshire (Mass.) Water Co. bonds, 
Holyoke Street R'y bonds, 
Torrington Co. bonds, 



liock Value. 

$14,000 00 
61,737 50 
60,000 00 
12,493 82 
13,525 05 
37,500 00 
52,750 00 
19,954 40 
14,000 00 
15,000 00 
8,000 00 
25,000 00 



Market Value. 

f 14,000 00 

52,800 00 
132,000 00 
23,750 00 
14,250 00 
37,500 00 
55,000 00 
20,000 00 
15,000 00 
15.000 00 
00 
25,000 00 



$3,305,988 65 $4,351,150 00 



AGGREGATE. 



115 



AGGREGATE. 



Capital Stock. 
Whole amount of capital actually paid up in cash, 



Admitted assets, 
Liabilities, 



Assets. 
Liabilities. 



Income. 
Cash actually received for tire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, .... 



Total income, 



Disbursements. 
Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
dividends to stockholders, .... 
for brokerage and commissions on premiums, 

for rents, 

for salaries and pay of officers and employees, 
for State and local taxes, .... 
for office, agency and incidental expenses, 

Total disbursements, 

Miscellaneous. 
Cash dividends declared during the year, . 
Fire losses incurred during the year, . 
Marine losses incurred during the year, 



83,900,000 



111,804,214 



?4,422,765 



$5,233,448 
801,940 
365,716 
153,235 

§6,554,339 



12,515,588 
536,135 
381,500 
990,399 
29,317 
329,389 
167,882 
417,855 

$5,368,065 



8381,500 

2,529,857 

702,211 



116 iETNA INSURANCE CO. 



FIRE, MARINE AND FIRE-MARINE INSURANCE 
COMPANIES OF OTHER STATES. 



"JETNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business August, 1819.] 

Paid-up Capital, $4,000,000. 

WM. B. CLARK, President. WM. H. KING, Secretary. 

Income. 

Net fire premiums, $ 5,627,910. 57 ; marine, $364,942.92, * $ 5,992,853 49 

Deposit premiums on perpetual risks, 7,909 25 

Interest on mortgage loans, $636 ; collaterals, $47.50 ; stocks 

and bonds, $510,734.57, 511,418 07 

Rents, including company's own occupancy, .... 4,346 00 

Profit on sale or maturity of ledger assets, .... 47,483 10 

From all other sources, 1,098 26 

Total income $6,565,108 17 

Ledger assets, Dec. 31, 1901, 10,856,146 69 

Total, $17,421,254 86 

Disbursements. 

Net amount paid for fire losses, $2,512,498.12; marine, 

$198,118.94 $2,710,617 06 

Deposit premiums returned, 3,130 61 

Interest and dividends to stockholders, 668,000 00 

Commissions or brokerage, 866,459 85 

Salaries, fees, etc., of officers and employees, .... 321,065 09 

Repairs and expenses on real estate, 533 52 

Real estate taxes, $1,582.47; other taxes and fees, $120,690. 77, 122,273 24 

Loss on sale or maturity of ledger assets, .... 11,817 61 

Profit and loss, 5,398 22 

All other disbursements, 384,551 70 

Total disbursements, $5,093,846 90 

Balance, $12,327,407 96 

* Including $551,S59.70 collected of previous years' premiums. 



JETNA INSURANCE CO. 



117 



Ledger Assets. 

Real estate, $188,241.74; mortgages,* §12,600, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $196 ; other assets, $375, . 
Market value of stocks and bonds over book value, 

Gross assets, 



. $200,841 74 

. 10,166,214 30 

. 1,286,673 92 

673,678 00 

$12,327,407 96 



571 00 
. 2,711,166 17 

$15,039,145 13 



Assets not admitted. 

Agents 1 debits over three months due, . . $24,727 00 

Special deposits less $240,510.26 liab. thereon, 55,490 71 

Depreciation in book value of real estate, . 58,241 74 

Total unadmitted assets, .... 138,459 45 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $31,926.50 resisted, $622,610.83; 

less reinsurance, $75,475.41, 

Unearned premiums on outstanding risks, $4,059,794.98 ; plus 

same on disallowed reinsurance, $24,496.47, 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 
Due for return premiums, $70,991 . 17 ; reinsurance, $10,046 . 16, 



$14,900,685 68 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$547,135 42 

4,084,291 45 

81,180 48 

115,215 54 

81,037 33 

. $4,908,860 22 



>,991,825 46 



Total liabilities, . 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



. 4,000,000 00 
. 5,991,825 46 

$14,900,685 68 



Risks and Premiums. 

Premiums. 

$643,922,441 00 $7,546,804 62 
.595,157,978 00 7,378,897 23 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,239,080,419 00 $14,925,701 85 
. 539,706,181 00 6,270,433 99 



$699,374,238 00 $8,655,267 86 
. 83,545,465 00 1,137,280 11 



$615,828,773 00 $7,517,987 75 



Value of land, $16,200; buildings, $15,000: insurance thereon, $15,000. 



118 



iETNA INSURANCE CO. 



Perpetual risks in force (not included above), § 3,547,478 00 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, 

Total 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $10,564,966 00 

.110,358,053 00 

$120,923,019 00 

. 106,499,140 00 

. $14,423,879 00 

. 1,228,480 00 



Premiums. 

885,453 13 

$272,968 96 
463,617 41 

$736,586 37 
471,021 15 

$265,565 22 
32,269 35 



.$13,195,399 00 $233,295 87 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (16.7 per cent), 
Company's stock owned by directors, .... 



$174,849,957 00 

93,642,582 00 

2,517,088 00 

185,110 00 

27,161,365 00 

2,805,000 00 

668,000 00 

221,400 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, §113,718 85 $136,500 00 

Arizona Territory bonds, 15,450 00 18,000 00 

New Mexico Territory bonds, .... 10,550 00 11,500 00 

Alabama State bonds, 9,500 00 10,750 00 

Georgia State bonds, 26,908 60 26,875 00 

Mississippi State bonds, 12,320 00 12,100 00 

New Hampshire State bonds, .... 23,499 17 23,625 00 

Tennessee State bonds, 29,004 20 22,310 00 

Mecklenburg County, N. C, bonds, . . . 73,455 00 83,300 00 

Spokane Co , Wash., court house and jail b'ds, 26,625 00 26,250 00 

Talbot County, Ga., court house bonds, . . 8,550 00 8,560 00 

Norwich, Conn., town bonds, .... 104,500 00 111,000 00 

Westmount, Quebec, town debenture bonds, . 50,375 00 50,500 00 

Americus, Ga., city pub. bTg, sch. and se'r b's, 18,795 00 19,680 00 

Albina, Oregon City, boulevard bonds, . . 27,750 00 32,250 00 

Bainbridge, Ga., city academy bonds, . . 8,000 00 9,120 00 

Boston, Mass., city bonds 29,752 08 30,900 00 

Buffalo, N. Y , city water bonds, . . . 49,416 78 53,500 00 

Cleveland, O., city bonds, .... 52,095 00 52,500 00 

Chicago, 111., sanitaiy district bonds, . . 53,348 75 55,500 00 

City of Sioux Falls, S. D , funding bonds, . 25,000 00 25,500 00 

Dallas, Tex., city water and sewer bonds, . 51,437 50 56,250 00 

Dalles City, Ore., water bonds, . . . 13,562 50 13,125 00 



JETNA INSURANCE CO. 



119 



Dayton, O., city street paving bonds, 

Fostoria, O., city water bonds, . 

Greensboro, N. C , city school bonds, 

Greenville, Ala., city school bonds, 

Hamilton, O , city gas works bonds, 

Hamilton, Ont., city bonds, 

Jersey City, N. J., city hall bonds, 

Lexington, Ky., city bonds, 

Montreal, Can., corporation stock, 

Montreal, Can., harbor bonds, . 

New Brunswick, N. J., water bonds, 

Ogden City, Utah, bonds, . 

Port of Portland, Ore., bonds, . 

Rahway, N. J., city bonds, 

Richmond, Va., city bonds, 

Roanoke, Va., city bonds, . 

Seattle, Wash., city, water and sewer bonds, 

Tacoma, Wash., city, water and light bonds, 

Topeka, Kan., city funding bonds, . 

Urbana, O., city bonds, .... 

Watsonville, Cal., school bonds, 

Winston, N. C, city bonds, 

Winnipeg, Man., city bonds, 

New York Dock Co. bonds, 

Loan & Guarantee Co. of Conn, bonds, . 

People's Gas. Lt. & Coke Co., Chic, bonds, 

School Dis. No. 2, Enfield, Conn., bonds, . 

Masonic Temple Corp., Wilm., N. C, bonds, 

Y. M. C. A., Wilmington, N. C, bonds, . 

Atlantic Mutual. Ins. Co. scrip,. 

Albany & Susquehanna R.R. bonds, 

Alabama Central R.R. bonds, . 

Atchison, Topeka & Santa Fe R'y bonds, 

Atlantic & Danville R'y bonds, 

Baltimore & Ohio R.R. bonds, . 

Buffalo, N. Y. & Erie R.R. bonds, . 

Central Branch R'y bonds, 

Central Pacific R'y bonds, 

Central R.R. of N. J. bonds, 

Chesapeake & Ohio R.R. bonds, 

Cleveland, Col., Cin. & Indianap. R.R. bonds, 

Cleveland, Lorain & Wheeling R'y bonds, 

Cleve., Cin., Chicago & St. Louis R'y bonds, 

Chicago & Erie R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

Chicago North Shore Street R'y bonds, . 



Hook Value. 

$28,158 33 
25,000 00 
24,480 00 
20,000 00 

5,500 00 
48,185 00 
26,304 79 
52,846 83 

8,254 43 

4,080 00 

3,206 50 
18,270 00 
54,152 78 
44,796 80 
51,476 75 
31,500 00 
50,000 00 
25,250 00 
25,000 00 
26,500 00 

2,571 70 
25,000 00 
36,235 40 
55,000 00 

1,500 00 
52,312 50 

4,000 00 

30,500 00 

20,000 00 

30,450 00 

121,062 50 

28,500 00 

48,000 00 

47,000 00 

73,437 50 

65,525 00 

31,450 00 

25,840 00 

66,812 50 

39,289 30 

126,551 50 

58,750 00 

50,000 00 

79,795 00 

162,022 50 

154,606 67 

218,775 83 

26,500 00 



Market Value. 

$25,625 00 
26,250 00 
28,080 00 
21,600 00 

5,100 00 
48,300 00 
30,000 00 
52,600 00 

6,660 00 

4,320 00 

2,100 00 
19,620 00 
59,000 00 
19,800 00 
50,786 25 
31,800 00 
54,500 00 
26,250 00 
27,750 00 
25,000 00 

2,040 00 
27,437 50 
36,184 72 
52,250 00 

1,500 00 
52,500 00 

4,000 00 

31,500 00 

20,000 00 

31,972 50 

109,500 00 

30,250 00 

48,500 00 

47,500 00 

76,875 00 

65,000 00 

34,040 00 

26,225 00 

68,000 00 

51,500 00 

128,000 00 

58,750 00 

50,000 00 

78,650 00 

159,600 00 

164,150 00 

216,570 00 

28,000 00 



120 



.ETNA INSURANCE CO. 



Chicago, Rock Island & Pacific R.R. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Cicero & Proviso Street R'y, Chicago, bonds, 

Cincinnati, Dayton & Ironton R.R. bonds, 

Cin., Hamilton & Dayton R.R bonds, 

Columbus & Toledo R.R. bonds, 

Connecticut River R.R. scrip, . 

Dayton & Western R.R. bonds, 

Delaware & Hudson Canal bonds, 

Detroit Railway bonds, 

Flint & Pere Marquette R.R. bonds, 

Galveston, Harrisb'g & San Antonio R'y bonds 

Georgia R.R. & Banking Co. bonds, 

Hartford Street R'y bonds, 

Harlem River & Port Chester R.R. bonds, 

Hocking Valley R'y bonds, 

Illinois Central R.R. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Iowa Central R'y bonds, .... 

Jeffersonville, Madison & Ind. R.R. bonds, 

Keokuk & Des Moines R.R. bonds, . 

Lake Shore & Michigan Southern R.R. bonds 

Louisville & Jeffersonville Bridge Co. bonds, 

Louisville, New Albany & Chic. R.R. bonds, 

Lehigh Valley Terminal R.R. bonds, 

Lehigh Valley R'y bonds, 

Mahoning Coal R.R. bonds, 

Minneapolis & St. Louis R'y bonds, . 

Minneapolis Union R.R. bonds, 

Morris & Essex R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

N. Y., Lake Erie & Western R.R. bonds, 

New England R R bonds, 

N. Y. & New England R.R. bonds, . 

N. Y., N. H. & Hartford R.R. certificates, 

N. Y., Susquehanna & Western R.R. bonds, 

Northwestern Union R.R. bonds, 

Norfolk & Western R.R. bonds, 

North Chicago Electric R'y bonds, . 

North Chicago Street R.R. bonds, . 

Northern Pacific Great Northern Joint bonds 

Oswego R.R. Bridge Co. bonds, 

Ohio & West Virginia R.R. bonds, . 

Pittsburgh, Fort Wayne & Chic. R.R. bonds, 

Port Reading R.R. bonds, .... 

St. Paul, Minn. & Manitoba R.R. bonds, . 

St. Paul & Northern Pacific R.R. bonds, . 

St. Paul & Sioux City R.R. bonds, . 



Book Value. 

$179,350 00 

191,750 00 

25,000 00 

24.250 00 
136,596 67 

94,898 14 
15,000 00 
29,397 00 
31,970 00 
26,562 50 
63,367 50 
54,000 00 
28,734 75 
51,500 00 

154,980 76 
25,560 00 

101,000 00 

60,473 75 

45,750 00 

8,600 00 

42,665 00 

193,725 00 
24,625 00 
27,468 75 

120 ; 337 50 

133,326 25 
28,584 74 

154,212 50 
52,633 33 

164,937 22 

191,357 48 
57,456 25 
62,437 50 
62,794 65 
75,000 00 
56,300 00 
33,311 72 

59.251 83 
27,375 00 
25,875 00 
67,086 61 
52,679 17 
34,165 00 

226,887 37 

53,000 00 

31,906 25 

59,416 67 

28,790 CO 



Market Value. 
.400 00 

190,900 00 
26,750 
28,875 00" 

139,020 00 
86,400 00 
15,300 00 
35,310 00 
35,500 00 
26,750 00 
67,300 00 
55,000 00 
28,750 00 
53,500 00 

160,000 00 
27,250 00 

105,000 00 

58,500 00 

48,000 00 

7,770 00 

51,230 00 

200,340 00 
24,562 50 
28,750 00 

122,850 00 

136,250 00 
38,100 00 

154,245 00 
64,000 00 

185,550 00 

,250 00 

62,100 00 

66,500 00 

55,000 00 

165,000 00 
".750 00 
36,000 00 
66,500 00 
28,250 00 
26,000 00 

105,600 00 

-.000 00 

35,700 00 

252,800 00 
54,500 00 
34.500 00 
64,500 00 
31.750 00 



^ETNA INSURANCE CO. 



121 



Southern Pacific R.R. of California bonds, 

Southern R'y bonds, .... 

Terre Haute & Peoria R.R. bonds, . 

Terminal R.R. Asso. of St. Louis bonds, 

Toledo & Ohio Central R.R. bonds, . 

Vermont Valley R.R. bonds, . 

Wabash R.R. bonds, .... 

West Chicago Street R.R. Tunnel bonds, 

West Shore R.R. bonds, . 

Willmar & Sioux Falls R.R. bonds, . 
400 shares American Telegraph & Cable Co 
300 " Gold and Stock Telegraph Co., 
300 " International Ocean Tel. Co., 

1.000 " Northwest Telegraph Co., . 
50 " Connecticut River Co., . 
10 " Underwriters' Sal. Co. of N. Y, 
575 " N. Y. Dock Co., . 
500 " Albany & Susquehanna R.R. Co 
500 " Bald Eagle Valley R.R. Co., 
362 " Baltimore & Ohio R.R. Co , . 
750 " CI., Cin., Chic. & St. L. R R. Co, 

1,000 " Cleveland & Pittsburgh R.R. Co 
935 " Chic, Mil. & St. Paul R'y Co, 
350 " Chic. & Northwestern R.R. Co, 
300 " Connecticut River R.R. Co, . 
500 " Conn. & Pass. Rivers R.R Co, 
300 " Dayton & Michigan R.R. Co, 
200 " Del. & Bound Brook R.R. Co, 
500 " Fort Wayne & Jackson R.R. Co, 
400 " Georgia R.R. & Banking Co., 
181 " Illinois Southern R'y Co, . 
100 " Joliet & Chicago R.R. Co, . 
400 " Kala , Alleg. & Gr. Rap. R.R. Co 

1,000 " Morris & Essex R.R. Co, . 

1,058 " N. Y. Cent. & Hud. R. R.R. Co, 
500 " N. Y. & Harlem R.R. Co, . 

1,875 " N. Y, N. H. & Hart. R.R. Co, 
500 " Oswego & Syracuse R R. Co, 

1,000 " Pitts, Ft. Wayne & Ch. R.R. Co 
150 " Peoria & Bureau Valley R.R. Co 

1,000 " Rensselaer & Saratoga R.R. Co, 
640 " St. Jos, S. Bend & So'n R.R. Co 
400 " Valley (N. Y.) R.R. Co, . 
200 " ^Etna Nat'l Bank, Hart, Conn, 
200 " Amer. Nat'l Bank, Hart, Conn, 
400 " Charter Oak N'l B'k, Hart, Conn. 
188 " City Bank, Hartford, Conn, 
150 " Conn. R. B'k'g Co, Hart, Conn, 



Book Value. 

$26,093 75 
72,380 00 
25,805 54 
58,875 00 
27,162 95 
54,460 00 
25,472 50 
50,875 00 
43,875 00 
26,5D0 00 
36,750 00 
36,000 00 
33,000 00 
50,992 93 
2,500 00 
1,000 00 
43,704 67 
46,662 50 
49,560 00 
30,529 44 
73,881 25 
46,032 75 

144,500 00 
57,412 50 
28,016 66 
50,312 50 
23,636 00 
33,600 00 
50,175 00 
95,545 00 
22,500 00 
9,462 75 
48,300 00 
43,968 75 

114,550 75 
36,681 25 

172,008 76 
48,343 00 

112,201 75 
24,405 93 

173,575 00 
63,940 00 
44,550 00 
21,408 50 
10,500 00 
51,832 25 
26,007 00 
9,300 00 



Market Value. 

$27,250 00 
79,750 00 
20,000 00 
59,500 00 
29,640 00 
60,480 00 
29,000 00 
52,500 00 
56,500 00 
31,000 00 
37,200 00 
36,600 00 
36,000 00 
62,500 00 
5,000 00 
1,000 00 
28,000 00 

122,500 00 
51,250 00 
34,673 00 
90,000 00 
96,000 00 

180,880 00 
82,250 00 
84,900 00 
52,500 00 
31,800 00 
42,000 00 
75,000 00 

102,800 00 

19,600 00 
62,000 00 
98,000 00 

161.874 00 
103,750 00 

421.875 00 
58,750 00 

192,000 00 
32,250 00 

215,000 00 
34,000 00 
53,200 00 
40,000 00 
15,000 00 
44,000 00 
18,800 00 
8,250 00 



122 



iETNA INSURANCE CO. 



Book Value. Market Value. 

350 shares Far. & Mech. N'l B'k, Hart., Conn., $63,192 60 $43,050 00 

300 " First Nat'l Bank, Hart., Conn., . 34,906 50 40,500 00 

1,000 " Hartford N'l B'k, Hart, Conn., . 140,359 00 142,000 00 

550 " Nat'l Exch. Bank, Hart., Conn., . 34,306 25 35,750 00 

1,000 " Phoenix Nat'l B'k, Hart., Conn., . 146,71150 125,000 00 

550 " State Bank, Hartford, Conn., . 63,779 00 74,250 00 

400 " Amer. Exch. Nat'l Bank, N. Y., . 43,983 00 110,000 00 

400 " B'k of the Manhattan Co., N. Y., . 26,708 00 65,800 00 

300 " B'k of N. Y. N'l B'k'g Asso., N. Y., 36,766 55 102,900 00 

75 " First Nat'l Bank, N. Y., . . 20,571 00 58,875 00 

300 " Hanover Nat'l Bank, N. Y., . . 50,037 00 192,000 00 

300 " Imp. & Traders' N'l B'k, N. Y., . 30,000 00 198,000 00 

100 " Market & Fulton N'l B'k, N. Y., . 11,143 00 27,500 00 

7o0 " Merchants' Nat'l Bank, N. Y., . 39,918 52 66,500 00 

120 " Merchants' Exch. N'l B'k, N. Y., . 8,792 50 10,200 00 

1,200 " Mechanics' Nat'l Bank, N. Y., . 34,136 00 88,500 00 

400 " Metropolitan National B'k, N. Y. 

(in liquidation), . . . 16,534 13 1,200 00 

200 " Nassau Bank, N. Y., . 10,791 00 20,500 00 

500 " National Bank of Com., N.Y., . 66,879 77 157,500 00 

400 « Nat'l Bank of N. America, N. Y., 61,213 00 96,<*)0 00 

500 " National City Bank, N. Y., . . 66,889 00 147,500 00 

300 " Phenix Nat'l Bank, N. Y., . . 6,876 38 7,800 00 

200 " People's Bank, N. Y., . . . 5,544 00 15,000 00 

100 " Third National Bank, N. Y. (in 

liquidation) 12,400 00 3,000 00 

250 " Far. & Mech. N'l B'k, Phila., Pa., 28,488 00 36,750 00 

100 <• First Nat'l Bank, Albany, N. Y., . 17,996 67 11,500 00 

100 " N. Brit. N'l B'k, N. Brit., Conn., . 10,000 00 15,500 00 

100 " Central Trust Co., N. Y., . . 11,000 00 194,000 00 

100 " Holland Trust Co., N. Y., . . 20,000 00 1,000 00 

100 " Metropolitan Trust Co., N. Y., . 11,000 00 73,500 00 

150 " N. Y. Life Ins. & Tr. Co., N. Y., . 18,525 00 187,500 00 

100 " Tr. Co. of the Republic, N. Y., . 15,000 00 15,000 00 

100 " United States Trust Co., X. Y., . 28,510 00 172,500 00 

100 " Union Trust Co., N. Y., . . 10,000 00 141,000 00 



§10,166,214 30 $12,877,3- " 



AGRICULTURAL INSURANCE CO. 



123 



AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

A. H. SAWYER, President. W. H. STEVENS, Secretary. 

Income. 

Net fire premiums, $1,221,705 42 

In terest on mortgage loans, $37,47 1 . 82 ; collaterals, $ 1 0,529 . 07, 

stocks and bonds, $38,698.72; all other, $ 5,446. 22, . . 92,145 83 
Rents 4,592 58 



Total income, $1,318,443 83 

Ledger assets, Dec. 31, 1901 2,316,582 23 



Total, $3,635,026 06 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $3,908.86 other taxes and fees, $43,444.50 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 

Balance, 



$619,257 00 

50,000 00 

257,266 39 

88,027 71 

1,802 77 

47,353 36 

8,349 00 

109,582 52 

$1,181,638 75 

$2,453,387 31 



Ledger Assets. 

Real estate, $307,385.94; mortgages,! $593,935.07, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), . 

Cash in banks and office, 

Agents' debits (gross), 

Bills receivable, 



Total ledger assets, 



1,321 01 
321,202 46 
822,881 62 
193,566 97 
212,545 45 

1,869 80 

$2,453,387 31 



Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $10,177.71 ; stocks and bonds, $8,337.08 ; col- 
lateral loans, $5,867.64; other assets, $743.61, . 

Market value of real estate over book value, . 



25,126 04 
37,119 06 



* Organized as mutual, 1853; incorporated as stock, 1863. 

t Value of land, $701,253; buildings, $499,029; insurance thereon, $482,625. 



124 



AGRICULTURAL INSURANCE CO. 



Market value of stocks and bonds over book value, 
Reinsurance commissions unpaid, . 
Reinsurance due on losses paid, . 

Gross assets, 

Assets not admitted. 
Agents' debits over three months due, 

Bills receivable, 

Special deposits less $52,297.27 liability 

thereon, 

Depreciation in book value of mortgages, 
Total unadmitted assets, . 



Total admitted assets, 



$62,307 63 
2,663 39 
1,256 20 

. $2,581,859 63 



$4,520 31 
1,869 80 

50,622 73 
9,220 00 



66,232 84 
. 82,515,626 79 



Liabilities. 

Unpaid losses, including $12,821.32 resisted, $124,019.32 
less reinsurance, $6,341.89, 

Unearned premiums on outstanding risks, $1,125,430.21 ; plus 
same on disallowed reinsurance, 101,244.97 . 

Commissions and other charges due agents and brokers, 

Due for reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



,113,215 92 



8117,677 43 

1,226,675 18 
47,185 09 
10,878 17 

81,402,410 87 

500,000 00 
613.215 92 

$2,515,626 79 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$250,628,200 00 $2,380,743 00 
. 163,845,700 00 1,781,535 00 



Total,. 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$414,473,900 00 $4,162,278 00 
. 159,344,500 00 1,613,239 00 



8255,129,400 00 $2,549,039 00 
. 32,555,900 00 389,662 00 



$222,573,500 00 $2,159,377 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$26,954,158 00 

13,351,108 00 

648,248 00 

1,430,000 00 

400,000 00 

50,000 00 

96,400 00 



AGRICULTURAL INSURANCE CO. 



125 



Schedule A. 

Securities held as Collateral. 



Real estate mortgages, 

Western Union Telegraph stock, 

N. Y. Cent. & Hudson River R.R. stock, 

International Paper Co. bonds, 

International Paper Co. stock, . 

Watertown National Bank stock, 

Real estate*mortgages, 

Titus Sheard Co. stock, 

N'l Herkimer Co. B'k, Little Falls, N. Y., st'k 

Little Falls & Dolgeville R.R. bonds, 

Union Carriage & Gear Co. stock, 

Brownville Paper Co. stock, 

Brockway Co. stock, . 

Deed of real estate, White Plains, N. Y., 

Paid-up life insurance policy, . 

Deeds of real estate, . 

Union N'l B'k, Schenectady, N. Y., stock 

Bagley & Sewall Co. stock, 

Harmon Machine Co. stock, 

Watertown National Bank stock, 

International Paper Co. stock, . 

Harmon Paper Co. bonds, 

Rome, Watertown & Ogdens. R.R. stock 

Carthage Sulphite Pulp Co. stock, 

Carthage Tissue Paper Mills stock, 

Carthage Machine Co. stock, . 

Malone Paper Co. stock, . 

West End Paper Co. stock, 

Dexter Sulphite Pulp & Paper Co. stock. 

Deed of real estate, Clinton Park, N. Y., 

J. H. Murphy Manufacturing Co. stock, 

Life insurance policy, N. Y. Life Ins. Co 

Brownville Paper Co. stock, 

St. Regis Paper Co. stock, 

Knowlton Bros, stock, 

Adams & Duford Co. stock, 

Carthage Tissue Paper Mills stock, 

Deed of real estate, Fine, N. Y , 

St. Regis Paper Co. bonds, 

Taggart Paper Co. stock, . 

Carthage Electric Light & Power Co. stock, 



3 



Market Value. 

$122,910 00 

5,020 12 

11,803 75 

10,500 00 

4,068 00 ) 

2,250 00 S 

16,977 00 >| 

32,000 00 

9,075 00 i 

5,000 00 J 



Loaned Thereon. 

$53,607 58 
21,310 60 



3,650 00 



)> 37,750 00 



250 00 


210 00 


10,000 00 


1,100 00 


10,000 00 


8,000 00 


1,500 00 


1,000 00 


2,000 00 


296 00 


5,000 00 


3,308 28 


10,000 00 


5,000 00 


47,400 00 


10,000 00 


6,750 00 ) 
2,250 00 S 


6,750 00 


1,440 00 


1,200 00 


20,000 00 


15,000 00 


4,200 00 


3,000 00 


24,500 001 




47,500 00 




7,500 00 
7,000 00 


> 70,000 00 


10,000 00 




28,200 00 > 




6,000 00 i 
6,000 00 { 


6,000 00 


2,000 00 


120 00 


16,000 00 


10,000 00 


10,000 00 
30,000 00 


! 20,000 00 


3,750 00 


2,500 00 


22,500 00 


10,000 00 


1,000 00 


400 00 


25,500 00 
25,000 00 


! 25,000 00 


13,000 00 


6,000 00 


$625,843 87 


§321,202 46 



126 



AGRICULTURAL INSURANCE CO. 



Schedule B. 

Slocks and Bonds owned by the Company. 

Book Value. Market Value. 

State of Georgia bonds $ 11,724 60 $11,800 00 

City of Portland, Ore., bonds 62,000 00 62,500 00 

City of Richmond, Va., bonds, .... 27,290 00 28,620 00 

Northern Pacific R'y bonds, .... 10,000 00 10,000 00 

Lehigh Valley R'y, N. Y., bonds, . . . 21,850 00 21,800 00 

Lehigh & Hudson River R.R. bonds, . . 5,000 00 5,100 00 

Union Pacific R.R. bonds 1,493 33 2,090 00 

Jefferson Power Co. bonds, .... 40,000 00 42,000 00 

Consol. Water Co. of Utica, N. Y., bonds, . 10,250 00 10,000 00 

St. Regis Paper Co. bonds, .... 50,00000 51,00000 

Gal., Harrisburg & San Antonio R'y bonds, . 21,650 00 22,000 00 

N. Y. Cent. & Hudson River R.R. bonds, . . 9,562 50 9,350 00 

Connecticut R'y & Lighting Co. bonds, . . 20,100 00 90,050 00 

Erie R.R. bonds, 19,125 00 18,450 00 

Reading Co., N. J., Central R.R. bonds, . . 19,325 00 18,700 00 

Missouri Pacific R'y bonds 26,937 50 26,250 00 

Atch.,Topeka & Santa Fe R.R. bonds, . . 10,187 51 10,225 00 

Metropolitan St. R'y bonds, .... 19,665 56 19,300 00 

West End Paper Co. bonds 50,000 00 50,000 00 

Watertown National Bank stock, . . . 14,925 00 23,625 00 

Nat'l Union Bank, Watertown, N. Y., stock, . 39,588 50 44,310 00 

Jefferson Co. Nat'l B'k, Watert'n, N. Y., st'k, . 3,935 00 4,400 00 

NT B'k & Loan Co , Watertown, N. Y., stock, . 10,000 00 15,000 00 

Carthage N'l B'k, Carthage, N. Y., stock, . 4,000 00 4,375 00 

First N'l B'k of the T. I., Alex B., N. Y., st'k, . 1,000 00 1,200 00 

Union Build. & Loan Co., Cleveland, O., stock, 10,000 00 10,000 00 

Cleveland Savings & Loan Co., Cleve., 0.,st'k, 5,000 00 5,000 00 

N. Y. Central & Hudson River R.R. stock, . 28,985 45 40,161 00 

Chicago, Milwaukee & St. Paul R'y stock, . 25,425 00 58,987 50 

Union Pacific R R. stock, 746 67 930 00 

Western Union Telegraph stock, . . . 49,507 31 51,918 75 

International Paper Co. stock, .... 45,337 49 36,000 00 

Hungerford-Hol brook Co. stock, . . . 26,500 00 26,500 00 

Excelsior Carriage Co. stock, .... 2,500 00 2,500 00 

Watertown Carriage Co. stock, . . . 3,500 00 3,500 00 

Morris & Essex R.R. stock, .... 19,650 00 19,500 00 

Illinois Central R.R. stock, .... 18,932 70 21,222 00 

Atchison, Topeka & Santa Fe R'y stock, . . 30,575 00 30,225 00 

American Car & Foundry Co. stock, . . 27,787 50 27,450 00 

American Locomotive Co. stock, . . . 18,825 00 19,150 00 



$822,881 62 $885,189 25 



ALBANY INSURANCE CO. 



127 



" ALBANY INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Re-organized 

June 1, 1S8L] 

Paid-up Capital, $250,000. 

JOHN E. MCELROY, President. CHARLES H. HAHN, Secretary. 

Income. 

Net fire premiums, * $183,049 18 

Interest on mortgage loans, § 10,595. 62; bonds, $9,059.34 

all other, $4,821.30, 24,476 26 

Rents, including company's own occupancy, .... 5,733 30 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $788.14 ; other taxes and fees, f 8,315 
Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Real estate, f 76,890 ; mortgages,! $223,830, 
Bonds (schedule A), .... 

Cash in banks and office, .... 
Agents' debits (gross), .... 

Total ledger assets, .... 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $1,116.15; other assets, §3,497.18, 
Rents due and accrued on company's property, 
Market value of bonds over book value, . 



93, 



Gross assets, 



$213,258 74 
479,532 38 

1692,791 12 



$79,044 98 

20,000 00 

35,734 18 

10,201 48 

1,200 00 

2,135 33 

9,104 07 

550 00 

4,301 41 

$162,271 45 

$530,519 67 



$300,720 00 

189,235 00 

20,219 74 

20,344 93 

$530,519 67 



4,613 33 

711 85 

21,045 00 

$556,889 85 



* Including $11,279.79 collected of previous years* premiums. 

t Value of land, $160,750; buildings, $341,800; insurance thereon, $277,000. 



128 



ALBANY INSURANCE CO. 



Assets not admitted. 
Agents' debits over three months due, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $3,018.30 resisted, £23,293. 21 ; less 
reinsurance, $5,188.18, 

Unearned premiums on outstanding risks, §120,600.57 ; plus 
same on disallowed reinsurance, §500, .... 

Commissions and other charges due agents and brokers, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... §412,15584 

Paid-up capital, 

Surplus over capital and general liabilities, . 



Total liabilities, 



§163 89 
§556,725 96 



§18,105 03 

121,100 57 
5,364 52 

$144,570 12 

250,000 00 
162,155 84 

$556,725 96 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.§20,554,950 00 §185,921 84 
. 20,818,774 00 217,809 22 



Total 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



.$41,373,724 00 §403,731 06 
. 15,705,121 00 152,639 68 



. $25,668,603 00 $251,091 38 
. 2,360,639 00 22,954 06 



.§23,307,964 00 §228,137 32 



Miscellaneous. 
Premiums received from re-organization of company, . 
Losses paid from re-organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from re-organization of company, 
Stock dividends declared from re-organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 



Bonds owned by the Company. 



Watervliet Turnpike R.R. bonds, 

Wabash R.R, bonds, 

Municipal Gas Lt. Co , Albany, X. Y., bonds, 
Union R.R., N. Y., bonds, .... 
St. Louis & San Francisco R.R. bonds, 
Ann Harbor R.R. bonds, .... 



82,113,412 00 
1,147,272 00 
83,093 00 
445,000 00 
50,000 00 
20,000 00 
32,000 00 



Book Value. 

§7,000 00 
34,885 00 

7,000 00 
10,000 00 
24,000 00 

7,350 00 



Market Value. 

§8,750 00 

40,100 00 

7,280 00 

11,600 00 

22,680 00 

9,700 00 



AMERICAN INSURANCE CO. 



129 



People's Gas Light Co., Chicago, bonds, . 

Western N. Y. & Pennsylvania R.R. bonds, 

Atlantic, Knoxville & Northern R R. bonds, 

Texas Central R.R. Co bonds, . 

United Traction Co., Albany, N. Y., bonds, 

Detroit & Mackinac R.R. bonds, 

Colorado Fuel & Iron Co. bonds, 

Equitable Gas & Elec. Co., Utica, N. Y., bonds, 



Book Value. 

$10,000 00 

25,000 00 

15,000 00 

20,000 00 

11,000 00 

5,000 00 

5,000 00 

8,000 00 



Market Value. 

$12,000 00 

29,750 00 

17,175 00 

21,200 00 

11,300 00 

5,100 00 

5,125 00 

8,520 00 



$189,235 00 $210,280 00 



"AMERICAN INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, $600,000. 

E. O. DOREMUS, President. J. H. WORDEN, Secretary. 

Income. 

Net fire premiums, . * $1,893,304 01 

83,355 38 

65,752 58 

12,121 78 

703 24 

143,096 50 

3,347 21 



Interest on mortgage loans, 
Interest on stocks and bonds, . 

Rents, 

Profit on sale or maturity of ledger 
From sale of stock, . 
From all other sources, . 



assets, 



Total income, 



Ledger assets, Dec. 31, 1901, 



$2,201,680 70 
3,698,506 11 



Total, $5,900,186 81 

Disbursements. 

Net amount paid for fire losses, $828,210 98 

Interest and dividends to stockholders, 61,169 75 

Interest and dividends to policy holders, .... 678 00 

Commissions or brokerage, 313,033 92 

Salaries, fees, etc , of officers and employees, .... 94,820 04 

Repairs and expenses on real estate, 3,557 99 

Real estate taxes, $6,096.62; other taxes and fees, $44,894.74, 50,991 36 

Loss on sale or maturity of ledger assets, .... 1,163 77 

All other disbursements, 118,714 07 

Total disbursements, $1,472,339 88 

Balance, $4,427,846 93 



* Including $286,923.86 collected of previous years' premiums. 



130 



AMERICAN INSUIiAXCE CO, 



Ledger Assets.* 
Real estate, $323,000; mortgages,! $1,587,279.73, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' debits (gross), .... 
Bills receivable, 

Total ledger assets, .... 



$1,910,279 73 

2,089,113 95 

62,759 18 

228,018 46 

137,675 61 

$4,427,846 93 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $526,333.67 ; stocks and bonds, $27,297.36, 
Rents due, 

Gross assets, 



53,631 03 
808 29 

. $4,482,286 25 



Assets not admitted. 

Agents' debits over three months due, 
Bills receivable, past due, 
Special deposits less $ 3,426. 59 liab. thereon, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, . 

Total admitted assets, 



84,732 50 

13,275 78 

46,573 41 

9,213 95 



73,795 64 



. $4,408,490 61 



Liabilities. 
Unpaid losses, including $6,060 resisted, $114,917.49; less 

reinsurance, $18,594.28, $96,323 21 

Unearned premiums on outstanding risks, $1,816,321.88; 

plus same on disallowed reinsurance, $2,465.60, . . 1,818,787 48 

Dividends due stockholders, $898.35; policy holders, $670, . 1.568 35 

Commissions and other charges due agents and brokers, ' . . 57,751 10 



All liabilities, except capital and surplus, . . . $1,974,430 14 
Surplus to policy holders, .... $2,434,060 47 

Paid-up capital, • 600,000 00 

Surplus over capital and general liabilities, .... 1,834,060 47 



Total liabilities, . 



. 84,408,490 61 



* The company holds also instalment premium notes to the amount of $4,434.10, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by 
the addition of an amount exactly equal to the reinsurance liability, the entire sum con- 
sisting of " unearned premiums." 

t Value of land, $1,73-2,585; buildings, $2, 275, 665; insurance thereon, $1,948,415. 



AMERICAN INSURANCE CO. 



131 



Fire risks outstanding Dec. 31, 1901,. 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 



In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$306,431,976 00 $3,183,840 54 



. 182,875,645 00 .2,141,812 53 



$489,307,621 00 $5,325,653 07 
. 153,858,305 00 1,703,425 22 



$335,449,316 00 $3,622,227 85 
. 24,871,420 00 303,301 27 



$310,577,896 00 $3,318,926 58 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$15,788,237 00 

6,946,543 00 

817,915 00 

2,469,310 00 

600,000 00 

60,000 00 

45,645 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $100,000 00 $100,000 00 

Consolidated Traction Co. (N. J.) bonds, . 134,689 67 130,540 00 

Easton & Amboy R.R. (N. J.) bonds, . . 73,522 31 73,450 00 

Lehigh Valley R.R. bonds, .... 187,950 91 187,000 00 

Long Dock (Jersey City) bonds, . . . 169,587 06 170,300 00 

Morris & Essex R.R. bonds, .... 125,925 92 128,000 00 

Newark (N. J.) Passenger R'y bonds, . . 144,774 83 145,000 00 

N. Y. & Greenwood Lake (N. J.) bonds, . 104,341 19 104,000 00 

N. Y., L. Erie & West. Dock and Imp. bonds, . 99,672 43 99,450 00 

N. Y., Susquehanna & Western R.R. bonds, . 38,469 29 37,400 00 

North Hudson Co. (N. J.) bonds, . . . 132,969 10 133,750 00 

United N. J. R.R. & Canal Co. bonds, . . 106,405 41 107,000 00 

Borough of Madison, N. J., bonds, . . . 25,000 00 25,000 00 

Newark Gas Co. bonds, . . ■ . . . 143,058 69 138,600 00 

American Dock & Improvement Co. bonds, . 113,125 00 113,000 00 

Trenton Passenger R'y Co. bonds, . . . 10,074 25 10,110 00 

2,000 shares Morris & Essex R.R 19,5,665 64 194,000 00 

650 " United N. J. R.R. & Canal Co., . 183,882 25 183,300 00 



$2,089,113 95 $2,079,900 00 



132 AMERICAN CENTRAL INSURANCE CO. 



"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 

Income. 

Net fire premiums, * $1,674,798 05 

Interest on mortgage loans, f 3,005 . 82 ; collaterals, $24,933 . 93 ; 

stocks and bonds, $97,789.47; all other, $1,050.51, . . 126,779 73 
Profit on sale or maturity of ledger assets, .... 45,457 50 
From all other sources, 525 87 

Total income, $1,847,561 15 

Ledger assets, Dec. 31, 1901 2,482,340 48 

Total $4,329,901 63 

Disbursements. 

Net amount paid for fire losses, $682,777 97 

Interest and dividends to stockholders, 100,000 00 

Commissions or brokerage, 283,138 39 

Salaries, fees, etc., of officers and employees, .... 93,625 25 

Rents, 5,000 00 

Taxes and fees, 30,144 04 

All other disbursements, 151,611 61 

Total disbursements, $1,346,297 26 

Balance, $2,983,604 37 

Ledger Assets. 

Mortgages,! $61,166 66 

Loans secured by collateral (schedule A), .... 310,00000 

Stocks and bonds (schedule B), 2,276,980 75 

Cash in banks and office, 139,393 60 

Agents 1 debits (gross), 196,063 36 

Total ledger assets, $2,983,604 37 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 589,069 25 

Gross assets, $3,572,673 62 

* Including $156,952.17 collected of previous years' premiums. 
f Value of property, $105,700; insurance thereon, $18,100. 



AMERICAN CENTRAL INSURANCE CO. 



133 



Assets not admitted. 
Special deposits less $22,089.06 liability thereon, . 

Total admitted assets, 



$54,135 94 



. $3,518,537 68 



Liabilities. 

Unpaid losses, including $21,148.15 resisted, $142,568.51 
less reinsurance, $15,458.38, 

Unearned premiums on outstanding risks, $1,078,996.18; plus 
same on disallowed reinsurance, $85.25, 

Commissions and other charges due agents and brokers, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $2,282,936 62 

Paid-up capital, t 

Surplus over capital and general liabilities, . 



$127,110 13 

1,079,081 43 
29,409 50 

$1,235,601 06 

1,000,000 00 
1,282,936 62 



Total liabilities, . 



. $3,518,537 68 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . $149,551,555 00 $1,668,010 37 
Fire risks written during 1902, . . . 153,315,919 00 1,956,107 36 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, .... $171,040,038 00 $2,022,294 75 



$302,867,474 00 $3,624,117 73 
.121,038,725 00 1,472,087 51 



$181,828,749 00 $2,152,030 22 
. 10,788,711 00 129,735 47 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire and tornado losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), . 
Company's stock owned by directors, . 



$24,802,792 00 

12,228,925 00 

702,531 00 

1,631,412 00 

90,000 00 

151,800 00 



Nashville Terminal Co. bonds, 
6,429 shares United Railways Co., St. Louis, 
100 " Title Guar. Trust Co., St. Louis, 
Commonwealth Realty Co., St. Louis, notes, 



Schedule A. 

Securities held as Collateral, 

Market Value. Loaned Thereon. 

$125,000 00 $100,000 00 

173,580 00n 

10,500 00 S 100,000 00 

10,000 00 ) 



134 



AMERICAN CENTRAL INSURANCE CO. 



700 shares Broadway Real Estate Co., St. Lo., 
200 " Am. Car & Foundry Co., N. J., 
100 " Diamond Match Co., 111., 
100 " U. S. Steel Corporation, N. J., 
40 " St. Louis Transit Co., 
30 " Missouri Trust Co., St. Louis, 
23 " National Bank, of Com., St. Lo , 
10 " Commonwealth Trust Co., St. Lo., 
10 " Hamilton Trust. Co., St. Louis, 
St. Louis & Suburban R'y Co , St. Lo., bonds, 
Mexican Central R'y Co. bonds, 



Schedule B. 

Stocks and Bonds owned by the 



John Scullin Collateral Trust gold notes, 

St. Louis Transit Co. bonds, 

National Enameling & Stamping Co. bonds, 

Kan. City, Ft. Scott & Memphis R.R. Co. bonds 

Missouri Electric Light & Power Co. bonds, 

St. Louis Merchants 1 Bridge Co. bonds, 

Union Depot R.R. Co. bonds, . 

Central of Georgia R.R. Co. bonds, . 

United States Consols, 

Southern R.R. Co. bonds, . 

St. Clair, Madison & St. Lo. Belt R.R. Co. bonds 

St. Louis & San Francisco R.R. Co. bonds, 

United Railways Co. bonds, 

St. Lo., Iron Mt. & Southern R.R. Co. bonds, 

Atlantic City R.R. Co. bonds, . 

Little Rock«& Hot Springs West. R.R. Co. b'ds 

Ft. Worth & Rio Grande R.R. Co. bonds, 

Laclede Gas Light Co. bonds, . 

St. L., C. B. & Omaha R.R. Co. bonds, 

St. Louis County Park bonds, . 

Peirce City, Mo., funding bonds, 

State of Georgia bonds, . 

Ft. Worth & Denver City R.R. Co. bonds, 

Norborne, Mo., school bonds, . 

National Bank of Commerce, St. Lo., stock, 

Hargadine-McKittrick D. G. Co., St. Lo., stock 

United Railways Co., St. Lo., stock, 

Boatmen's Bank, St. Louis, stock, 

Mechanics' National Bank, St. Louis, stock, 

Laclede Gas Light Co., St. Louis, stock, . 



Murket Value. 

170,000 00 
18,000 00^ 
13,600 00 
3,600 00 
1,080 00 
3,750 00 [ 
8,970 00 
3,120 00 
1,000 00 
2,000 00 
4,500 00 J 



Loaned Thereo 

$60,000 00 



}> 50,000 00 



$448,700 00 $310,000 00 



Company. 

Book Value. 

$246,250 00 
195,000 00 
103,000 00 
86,625 00 
98,640 00 
85,950 00 
80,875 00 
55,687 50 
55,593 75 
48,000 00 
30,430 00 
35,150 00 
26,850 00 
26,875 00 
24,500 00 
23,718 75 
23,025 00 
13,846 25 
18,000 00 
17,625 00 
15,000 00 
11,725 00 
11,387 50 
4,500 00 
814,345 00 
60,000 00 
24,275 00 
11,800 00 
25,025 CO 
3,282 00 



Market Value. 

$250,000 00 

195,000 00 

101,000 00 

86,000 00 

101,200 00 

97,750 00 

87,750 00 

52,500 00 

54,500 00 

47,000 00 

30,400 00 

34,400 00 

25,275 00 

28,000 00 

24,500 00 

23,250 00 

21,750 00 

24,600 00 

18,900 00 

15,750 00 

15,000 00 

11,725 00 

11,000 00 

4,500 00 

1,365,000 00 

60,000 00 

24,000 00 

23,200 00 

26,400 00 

5,700 00 



$2,276,980 75 $2,866,050 00 



AMERICAN FIRE INSURANCE CO. 



135 



"AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 
Paid-up Capital, $500,000. 
THOMAS H. MONTGOMERY, President. WM. F. WILLIAMS, Assistant Secretary. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $42,156 . 56 ; collaterals, f 1 ,181 . 14 

stocks and bonds, $32,089.27 ; all other, $244.90, 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
From all other sources, .... 

Total income, 

Ledger assets, Dec. 31, 1901, ,. 

Total, 

Disbursements 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, . 

Commissions or brokerage, . . . • 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $2,356 ; other taxes and fees, $34,957.74, 

Loss on sale or maturity of ledger assets, 

Accounts charged off, .... 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 
Real estate, $392,241.74; mortgages,! $820,475.55, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B) 
Cash in banks and office, . 
Agents' debits (gross), 
All other ledger assets, . 

Total ledger assets, . 



$1,736,747 82 

20,199 51 

75,671 87 

9,558 38 

7,009 66 

3,691 53 

$1,852,878 77 

2,129,410 02 

$3,982,288 79 



$852,790 95 

29,060 35 

30,000 00 

354,267 65 

120,088 43 

6,000 00 

7,434 41 

37,313 74 

3,407 15 

11,330 18 

55,575 71 

$1,507,268 57 

$2,475,020 22 



$1,212,717 29 
247,700 00 
723,221 84 

69,189 70 
197,136 44 

25,054 95 

$2,475,020 22 



* Including $169,531 collected of previous years' premiums. 

t Value of land, $866,302; buildings, $1)28,000; insurance thereon, $715,1S0. 



136 



AMERICAN FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $12,245.91; collateral loans, $2,274.29 : other 

assets, $90, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



Gross assets, 

Assets not admitted. 
Special deposits less $14,225.91 liability thereon, . 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $21,715.78 resisted, $156,216.28 
less reinsurance, $11,833.46, 

Unearned premiums on outstanding risks, $1,110,443.39 
plus same on disallowed reinsurance, $6,365.83, 

Reclaimable on perpetual fire policies, .... 

Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$630,181 51 



$14,610 20 
914 56 

44,439 66 
$2,534,984 64 



43,274 09 
$2,491,710 55 



$144,382 82 

1,116,809 22 

567,141 66 

33,195 34 

$1,861,529 04 

500,000 00 
13* ',181 51 

$2,491,710 55 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premium?. 

$201,964,935 00 $2,310,698 08 
. 148,764,722 00 1,955,446 51 



Total 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$350,729,657 00 $4,266,144 59 
. 144,884,064 00 1,780,131 58 



8205,845,593 00 $2,486,013 01 
. 35,888,684 00 396,259 57 



$169,956,909 00 $2,089,753 44 



Perpetual risks in force (not included above), $22,523,017 00 $621,201 81 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 

Fire losses incurred during the year 

Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$40,810,342 00 
23,869,412 00 
852,791 00 
2.925,936 00 
30,000 00 
23,100 CO 



AMERICAN FIRE INSURANCE CO. 



137 



Schedule A. 

Securities held as Collateral. 



Lehigh Coal & Navigation Co. bonds, 
5 shares Fourth St. Nat'l Bank, . 

500 " Philadelphia Co., . 

200 " United States Steel Corporation, 

300 " Union Traction Co., 

100 " Lehigh Valley R R. Co., . 

800 " Electric Co. of America, . 

300 " Consolidated Lake Superior Co., 

American Railways Co. bonds, 

200 shares Cambria Steel Co., . 

100 " Reading Co. Trust certificates, 

500 " Electric Co. of America, . 

51 " American Railways Co., . 
500 " Electric Co. of America, . 
100 " United Gas Improvement Co., 
300 " United States Steel Corporation, 
100 " Reading Co. Trust certificates, 
500 " Philadelphia Electric Co., 
200 " Lehigh Valley R.R. Co., . 
500 " Reading Co. Trust certificates, 
Pitts., Cin., Chic. & St. Louis R R. bonds, 
Citizens' R'y, Light & Power Co. bond, . 
Atlantic City R.R. Co. bond, 
Nassau Electric R.R. Co. bonds, 
Hudson River Water Power Co. bonds, . 
100 shares United Gas Improvement Co., 
100 M United States Steel Corporation, 
200 " Consolidated Lake Superior Co., 
Choctaw, Okla. & Gulf R.R. Co. bonds, . 
Philadelphia Electric Co. bonds, 
Connecticut R'y & Lighting Co. bonds, . 
St. Louis Southwestern R'y Co. bonds, 
600 shares Philadelphia Electric Co., 
200 " Philadelphia Co., . 

20 " Consolidated Lake Superior Co., 
100 " Electric Co. of America, . 

15 " United States Steel Corporation, 
300 " American Cement Co., . 

200 " Philadelphia Co 

400 " Consolidated Lake Superior Co., 

100 " United States Steel Corporation, 

100 " Union Traction Co., 

100 " American Railways Co., . 

100 " St. Louis Southwestern R'y Co., 

300 " United Gas Improvement Co., 



Market Value 

$3,900 00 
1,250 00 

23,700 00 ^ 
7,250 00 

13,987 50 
3,825 00 
7,650 00 
2,887 50 
5,325 00 v 
5,275 00 J 
3,356 00 j> 
4,781 00 I 
2,626 50 J 
4,781 00 ^ 

11,062 50 J 

10,875 00 )> 
3,350 00 I 
4,125 00 J 
7,650 00 ^ 

16,750 00 

28,062 50 

950 00 

1,120 00 

1,740 00 J 

5,150 00>| 



Loaned Thereon. 

$2,700 00 



}> 45,000 00 



11,062 50 



3,625 00 
8,200 00 J 
18,912 50 
5,025 00 
1,000 00 
950 00 
4,950 00 
9,400 00 j» 
820 00 j 
956 00 I 
543 00 I 
2,625 00 J 
9,600 00 > 
3,850 00 
3,625 00 
4,662 50 
5,150 00 
6,300 00 J 
33,187 50 



15,000 00 



25,000 00 



}> 40,000 00 



20,000 00 
15,000 00 



20,000 00 



}> 25,000 00 



25,000 00 



138 



AMERICAN FIRE INSURANCE CO. 



100 shares Investment Co. of Philadelphia, 
100 " Metropolitan Street R'y Co., . 



Schedule B. 

Stocks and Bonds owned by the 



Ashtabula & Pittsburgh R.R. bonds, 
Seaboard & Roanoke R.R. bonds, 
Belt Road & Stoek Yards bonds, 
Chicago & Western Indiana R.R. bonds, 
Electric & People's Traction bonds, 
Berwyn water bonds, 
Camden & Atlantic R.R. bonds, 
Glenwood Highway Bridge Co. bonds, 
Northwestern Guaranty debentures, 
Louisville & Nashville R.R. bonds, . 
Pittsburg, Chartiers & Yough. R.R. bonds, 
Huntingdon & Broad Top Mount. R.R. bonds 
Lehigh Valley R.R. bonds, 
Mortgage Trust Co. of Penn. bonds, 
Middlesex Banking Co. bonds, . 
Northern Central R.R. bonds, . 
Northern Pacific R.R. bonds, . 
Omaha Loan & Trust Co. debentures, 
Penn. & New York Canal & R.R. Co. bonds, 
City of Portland water bonds, . 
Wheeling & Lake Erie R.R. bonds, . 
Hughesville water bonds, 
Philadelphia & Reading R.R. bonds, 
Steubenville & Indiana R.R. bonds, . 
Pitts., Cin., Chic. & St. Louis R.R. bonds, 
Springfield water bonds, .... 
Second Avenue Traction Co., Pitts., bonds, 
United Traction Co., Pittsburgh, bonds, . 
Iron Mountain Car Trust bonds, 
Allegheny Valley R.R. bonds, . 
Western N. Y. & Penn. R.R. bonds, . 

35 shares Philadelphia Bourse, 
500 " Cambria Iron Co., . 

45 " Wheeling & Lake Erie R.R., . 



Market Value. 

86,300 00 
14,075 00 



Loaned Thereon. 



$15,000 00 



$336,248 50 #247,700 00 



Company. 

Book Value. 

$16,216 08 
20,700 00 
20,320 00 

1,395 60 
22,720 00 

9,500 00 
15,750 00 
10,983 52 
23,100 00 
19,800 00 

9,250 00 
19,412 50 
80,027 20 
25,000 00 
25,000 00 

8,000 00 
15,000 00 
10,000 00 
52,830 00 
50,000 00 
14,250 00 
20,000 00 
76,553 59 
20,419 59 
30,000 00 

9,850 00 
11,275 00 
24,440 97 
20,302 22 

6,188 07 

6,000 00 

1,375 00 
21,562 50 



Market Value. 

$17,100 00 
22,500 00 
23,000 00 

1,050 00 
34,475 00 
11,000 00 
16,350 00 
11,200 00 

9,240 00 
19,825 00 

9,600 00 
21,225 00 
96,370 00 
22,500 00 
22,500 00 

8,510 00 
10,800 00 

8,000 00 
57,500 00 
57,500 00 
13,650 00 
18,000 00 
87,652 50 
23,415 00 
33,600 00 
11,500 00 
12,650 00 
29,000 00 
20,000 00 

5,950 00 

5,900 00 

174 00 

23,750 00 

2,175 00 



$723,221 84 6767,661 50 



UNDERWRITERS AT AMERICAN LLOYDS. 139 



" UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK. 

[Commenced business April, 1890.] 
GEORGE A. STANTON, Attorney and Manager. 

Income. 

Net fire premiums, * 277,477 76 

Interest on bonds, 15,731 63 

' Received for subscribers 1 deposits, 6,000 00 

Total income, $299,209 39 

Ledger assets, Dec. 31, 1901, 533,964 99 

Total, . ' $833,174 38 

Disbursements. 

Net amount paid for fire losses, $107,760 49 

Cash dividends paid, 38,960 07 

Commissions or brokerage, 58,539 37 

Salaries, fees, etc., of officers and employees, . . . . 3,005 25 

Taxes and fees, 4,553 66 

Paid retiring subscribers, 12,722 18 

All other disbursements, 310 32 

Total disbursements, $225,851 34 

Balance, $607,323 04 

Ledger Assets. 

Bonds (schedule A), $492,225 00 

Cash in banks, 68,578 08 

Agents 1 debits (gross), 46,519 96 

Total ledger assets, $607,323 04 

Non-Ledger Assets. 
Interest due and accrued : — 

On bonds, $5,170; other assets, $314.10, 5,484 10 

Gross assets < . . . $612,807 14 

Assets not admitted. 

Depreciation in book value of bonds, 12,800 00 

Total admitted assets, $600,007 14 

* Including $44,219.05 collected of previous years' premiums. 



140 



UNDERWRITERS AT AMERICAN LLOYDS. 



Liabilities. 

Unpaid losses, f 6,801 00 

Unearned premiums on outstanding risks, $ 117,212.23 ; plus 

same on disallowed reinsurance, 84,731.21,. . . . 121,943 44 

Commissions and other charges due agents and brokers, . 11,629 99 

Due for return premiums, $4,122.40; reinsurance, $1,615.42, 5,737 82 

All liabilities, except subscribers' deposits and surplus, . $146,172 25 
Surplus to policy holders, .... $ 453,834 89 

Subscribers 1 deposits paid up, 106,000 00 

Surplus over subscribers 1 deposits and general liabilities, . 347,834 89 

Total liabilities, $ 600,007 14 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$24,411,488 00 
. 29,198,698 00 

.$53,610,186 00 
. 28,781,241 00 

. f24,828,545 00 
. 1,105,870 00 



Premiums. 

$222,953 65 
282,561 86 

$505,515 51 
260,521 23 

$244,994 28 
10,569 82 



$23,722,675 00 8234,424 46 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year, . 



$2,494,040 00 

1,041,791 00 

59,589 00 

315.417 00 

38,960 00 



Schedule A. 



Bonds owned by the 

New York city bonds, .... 
Brooklyn city (East Rivsr Bridge) bonds, 
West Shore R.R. bonds, .... 
Pitts., Cin , Chic. & St. Louis R.R. bonds, 

Indiana State bonds, 

Massachusetts State bonds, 
Essex Co. Park (N. J.) bonds, 
Metropolitan Street R'y bonds, 



Company. 

Book Value. 

8180,000 00 
55,500 00 
46,000 00 
26,625 00 
30,000 00 
33,975 00 
59,000 00 
61,125 00 



Market Value. 

8176.250 00 
53,000 00 
44.400 00 
26,500 00 
30,000 00 
32,775 00 
57,000 00 
59.500 00 



$492,225 00 $479,425 00 



AMERICAN MUTUAL FIRE INSURANCE CO. 141 



" AMERICAN MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated June 1, 1877. Commenced business June 1, 1877.] 
THEODORE P. BOGERT, Secretary. 

Income. 

Net premiums, * $187,321 96 

Interest on stocks and bonds, $8,685.34; all other, $623.64, . 9,308 98 

Profit on sale or maturity of ledger assets, .... 2,800 00 

Total income, $199,430 94 

Ledger assets, Dec. 31, 1901, 219,420 75 

Total, $418,851 69 

Disbursements. 

Net amount paid for losses, $19,437 07 

Profits on terminated policies, 148,049 95 

Salaries, fees, etc., of officers and employees, .... 4,424 70 

Taxes and fees, 3,661 71 

Loss on sale or maturity of ledger assets, . . . 712 50 

All other disbursements, 4,270 16 

Total disbursements, $180,556 09 

Balance, $238,295 60 

Ledger Assets. 

Stocks and bonds (schedule A), $215,814 00 

Cash in banks . 19,739 14 

Agents 1 debits (gross), 2,742 46 

Total ledger assets, $238,295 60 

Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . . . 2,234 00 

Market value of stocks and bonds over book value, . . 13,800 00. 

Gross assets, $254,329 60 

Liabilities. 

Unpaid losses, $713 64 

Unearned premiums on outstanding risks, .... 90,865 98 

State taxes accrued, 2,816 91 

All liabilities, except surplus, $94,396 53 

Surplus, 159,933 07 

Total liabilities, $254,329 60 

* Including $4,144.55 collected of previous years' premiums. 



142 



ASSURANCE COMPANY OF AMERICA. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1901, $20,220,961 00 



Risks written during 1902, 



23,487,819 00 



Cash Prem's. Contin^'t Prem's. 

$165,864 50 $829,322 50 
191,409 49 957,047 45 



Total, 843,708,780 00 $357,273 99 

Risks expired and terminated, . 21,769,032 00 175,542 03 

In force at end of year, . . $21,939,748 00 

Miscellaneous. 
Losses incurred during the year, . 
Profits or surplus returned during 1902, 88.75 per cent. 



L,786,369 95 
",710 15 



$181,731 96 $908,659 80 



$19,822 00 



Schedule A. 
Stocks and Bonds owned by the 



Rhode Island State bonds, 

Providence city bonds, .... 

Boston city bonds, 

Denver City Tramway Co. bonds, . 
117 shares Providence & Worcester R.R., 
150 " Old Colony R.R., . 

62 " N. Y , N. H. & Hartford R.R., 
130 " Morris & Essex R.R., 
100 " Cleveland & Pittsburg R.R., . 

40 " Illinois Central R.R., 
100 " Chicago Great Western K.R., . 
200 " Pitts., Bessemer & Lake Erie R.R., 
100 " West End Street R.R., . 



Company. 

Book Value. 

§38,000 00 

22,000 00 

20,000 00 

8,000 00 

29,835 00 

27,750 00 

11,284 00 

11,395 00 

9,550 00 

4,200 00 

9,000 00 

15,400 00 

9,400 00 



Market Value. 

$38,000 00 

22,500 00 

20,800 00 

8,240 00 

35,100 00 

31,050 00 

13,764 00 

12,610 00 

9,550 00 

4,200 00 

9,000 00 

15,400 00 

9,400 00 



$215,814 00 $229,614 00 



"ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y. 

[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.] 

Paid-up Capital, $-200,000. 

ROBERT C. RATHBONE, President. R. BLEECKER RATHBOXE, Secretary. 

Home Office, 45 William Street. 



Income. 

Net fire premiums, $517,671.99 ; marine, $4.74, 
Interest on bonds, $10,000 ; all other, $3,459.21, 
Profit on sale or maturity of ledger assets, 
Sale of maps, 



Total income, 



Ledger assets, Dec. 31, 1901, 
Total, .... 



* $517,676 73 

13,459 21 

13,204 91 

1,220 68 

$545,561 53 
492,844 45 

81,038,405 98 



* Including $88,745.28 collected of previous years' premiums. 



ASSURANCE COMPANY OF AMERICA. 143 



Disbursements. 

Net amount paid for fire losses, |267,460.03; marine, $39. 18, . $267,499 21 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 118,316 50 

Salaries, fees, etc., of officers and employees, . . . . 1,485 00 

Taxes and fees, 12,002 51 

Return premiums and reinsurance, 12,472 15 

All other disbursements, 1,786 77 

Total disbursements, $423,562 14 

Balance, $614,843 84 

Ledger Assets. 

Bonds (schedule A), $462,356 25 

Cash in banks, 76,824 47 

Agents' debits (gross), 75,663 12 

Total ledger assets, . . $614,843 84 

Non-Ledger Assets. 

Interest accrued on bonds, 1,629 82 

Gross assets, $616,473 66 

Assets not admitted. 

Depreciation in book value of bonds, $8,078 75 

Total admitted assets, f 608,394 91 

Liabilities. 

Unpaid losses, including $850 resisted, f 60,212; less rein- 
surance, f 10,617, $49,595 00 

Unearned premiums on outstanding risks, $235,430.86 ; plus 

same on disallowed reinsurance, $1,377.49, . . . . 236,808 35 

Commissions and other charges due agents and brokers, . 15,056 83 

Due for return premiums, $12,865 . 27 ; reinsurance, $4,868 . 87, 17,734 14 

All liabilities, except capital and surplus, . . . $319,194 32 
Surplus to policy holders, .... $289,200 59 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 89,200 59 

Total liabilities, $608,394 91 



144 



ATLANTIC MUTUAL INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1902, 
Risks expired and terminated, . 



£46,251,279 00 
52,859,148 00 

899,110,427 00 
54,642,080 00 

844,468,347 00 
7,803,157 00 



Premiums. 

8514,777 05 

699,010 24 

4,213,793 29 

645,050 97 

$568,742 32 

107,269 07 



436,665,190 00 $461,473 25 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), . 

Company's stock owned by directors, .... 

Schedule A. 
Bonds owned by the Company. 



New York City bonds, .... 
Manhattan Railway Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Sciota Valley & New England R.R. Co. bonds 
Denver & Rio Grande R.R. Co. bonds, 
Third Avenue R.R. Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 
Richmond & Danville R R. Co. bonds, 
Missouri Pacific R'y Co. bonds, 
Oregon Short Line R'y Co. bonds, . 
Chicago & Alton R.R. Co. bonds, 



Boob: Value. 

8374,830 00 

20,798 75 

15,300 00 

10,150 00 

10,100 00 

8,910 00 

8,925 00 

5,550 00 

3,630 00 

2,510 00 

1,652 50 



?4 74 
4 74 



$1,787,744 00 

1,031,585 00 

282,585 00 

39 00 

112,000 00 

10,000 00 

81,600 00 



Market Value. 

$366,750 00 

20,800 00 

15,300 00 

10,150 00 

10,100 00 

8,910 00 

8,925 00 

5,550 00 

3,630 00 

2,510 00 

1,652 50 



$462,356 25 $454,277 50 



"ATLANTIC MUTUAL INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 11, 1S42. Commenced business July 1, 1S42.] 
A. A. RAVEN, President. G. STANTON FLOYD JONES, Secretary. 

Income. 

Net marine premiums, 83,152,818 CO 

Interest on collaterals, 831,276.58 ; stocks and bonds, $264,- 

041.94; allother, f 20,890. 92, 316,209 44 



ATLANTIC MUTUAL INSURANCE CO. 



145 



Rents, 

Profit on sale or maturity of ledger assets, 
Increase in valuation of real estate, 
Bills receivable, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



$225,323 32 

1,000 00 

31,014 75 

2,000 00 

$3,728,365 51 
11,694,027 87 

$15,422,393 38 



Disbursements. 

Net amount paid for marine losses, . 
Cash paid for redemption of scrip, . 
Interest paid to scripholders, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Repairs and expenses on real estate, 
Real estate taxes, $42,055 . 30 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 
Company's scrip transferred, .... 
All other disbursements, 

Total disbursements, 



Balance, 



,714.97 



$1,344,939 18 

925,835 00 

395,506 20 

82,417 35 

357,550 89 

60,744 98 

72,770 27 

1,791 25 

. 400 00 

47,894 33 

$3,289,849 45 

$12,132,543 93 



Ledger Assets. 

Real estate, $2,732,178.98 ; mortgages, $300,000, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and with foreign bankers, 
Bills receivable, not matured, .... 

Overdue notes, 

Scrip owned by company, .... 

Total ledger assets, 



$3,032,178 98 

845,000 00 

5,972,575 61 

1,103,372 19 

1,096,049 77 

64,747 38 

18,620 00 

$12,132,543 93 



Liabilities. 

Unpaid losses, including $14,100 resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued, .... 
Miscellaneous expenses, due or accrued, . 
Due for return premiums, 

All liabilities, except scrip and surplus, 
Surplus to policy holders, 
Scrip outstanding not ordered to be redeemed 
Surplus over scrip and general liabilities, 

Total liabilities, 



. $1,523,075 00 

.♦ 800,403 56 

208,391 48 

45,360 17 

20,019 01 

114,162 38 



1,421,132 33 



52,711,411 60 

. 7,022,130 00 

. 2,399,002 33 

$12,132,543 93 



14(3 



ATLANTIC MUTUAL INSURANCE CO. 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, 



$150,605,390 
.704,091,467 



Premiums. 
00 8701,851 53 
00 3,293,079 76 



$854,696, 857 
.715,503,982 



00 $4,084,931 29 
00 3,284,527 73 



$139,192,875 00 $800,403 56 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine losses incurred during the year (estimated), 
Scrip dividends declared during the year, 



$215,135,866 00 

124,183.815 00 

. 1,513,749 00 

. 1,272,728 00 



Schedule A. 



Securities held as Collateral. 

Market Value. 

$9,200 00 
34,200 00 



200 shares National Biscuit Co., 
114 " City Bank, 

10 " Standard Oil Co., . 
100 " People's Gas Co., . 
N. Y. Central & Hudson River R.R. bonds, 
Manhattan R R. bonds, 

51 shares City Bank, 

23 " Atlantic Trust Co., . 

10 " Standard Oil Co., . 
100 " Consolidated Gas Co., . 
100 " People's Gas Co., . 

25 " Western Union Telegraph Co 

39 M City Bank, 

Reading R.R. bonds 

Richmond & Danville R.R. bonds, . 

100 shares Metropolitan R.R. Co., . 



100 « 


1 People's Gas Co., . 


100 • 


Manhattan R.R. Co., . 


,000 ' 


' Chicago, Mil. & St. Paul R'y, 


700 ' 


1 Great Northern R'y, 


800 ■ 


■ N. Y. Cent. & Hudson Riv. R.R 


300 ■ 


1 Consolidated Gas Co., . 


600 ' 


' General Electric Co , . 


100 ' 


1 Minneapolis & St. Louis R.R., 


100 • 


1 Erie R.R 


500 ' 


4 Northern Securities Co., 


200 ' 


' Erie R.R , .... 


100 • 


1 Union Pacific R.R., 


300 ■ 


General Electric Co., . 



Loaned Thereon. 



y $50,000 oo 



) 



} 

j> 15,000 00 
J 



7,000 00 
10,300 00 

1,800 00 

1,100 00 
15,300 00 

8,500 00 

7,000 00 \ 50,000 CO 
21,600 00 ' 
10,300 00 

2,200 00 
11,700 00 

5,800 00 

1,100 00 
14,tf)0 00 
10,300 00 
14,900 00. 
178,500 00 
142,100 00 
120,800 00 
64,800 00 j> 500,000 00 
109,800 00 ' 
10,800 00 

6,800 00 
56,000 00 
13,600 00 
10,000 00 
54,900 00 



} 



30,000 00 



] 

[ 100,000 00 

) 



ATLANTIC 3IUTUAL INSURANCE CO. 



147 



New Amsterdam Gas bonds, . 
Colorado Coal & Iron Co., 
100 shares Illinois Central R R., 
100 " Hocking Valley R'y, 



Market Value. Loaned Thereon. 

$100,000 00 \ 

4,800 00 I 

14,600 00 I 

9,600 00 J 



$100,000 00 



$1,083,500 00 $845,000 00 



Schedule B. 



Slocks and Bonds owned by the Company. 



American Exchange Bank stock, 

Bank of America stock, . 

Bank of Commerce stock, 

Bank of New York stock, 

Leather Manufacturers' Bank stock, 

Merchants 1 Bank stock, 

Mechanics' Bank stock, . 

Manhattan Company Bank stock, 

Market & Fulton Bank stock, . 

Phenix Bank stock, . 

New York State stock, 

Atlantic Trust Co. stock, . 

Consolidated Gas Co., N. Y., stock, 

New York City stock, 

Atlantic Safe Deposit Co. stock, 

Pennsylvania R R. Co. stock, . 

N. Y., Lackawanna & Western R.R. stock, 

Morris & Essex R.R. Co. stock, 

Delaware, Lackawanna & Western R.R. stock 

Chicago & Northwestern R'y Co. stock, 

United States Mortgage & Trust Co. stock, 

Underwriters' Salvage Co. of New York stock 

N. Y. Central & Hudson River R.R. stock, 

N. Y. Central & Hudson River R.R. bonds, 

N. Y., Chicago & St. Louis R.R. bonds, 

West Shore R.R. bonds, . 

Brooklyn & Montauk R.R. bonds, 

Brooklyn city park bonds, 

District of Columbia bonds, 

United States bonds, . 

Pennsylvania R.R. Co. bonds, . 



Book Value. 

$113,004 82 

61,765 49 

91,809 23 

154,805 98 

35,575 65 

80,203 98 

52,438 97 

25,524 81 

36,830 00 

89,183 11 

424,000 00 

294,558 63 

68,312 50 

763,804 25 

16,900 00 

263,697 50 

61,687 50 

34,475 00 

159,212 50 

165,075 00 

26,420 01 

1,000 00 

358,403 39 

250,625 00 

195,357 50 

203,312 50 

75,000 00 

116,170 00 

1,080,014 29 

558,843 00 

114,565 00 



Market Value.* 

$90,000 00 

50,000 00 

64,100 00 

94,200 00 

25,600 00 

70,150 00 

47,675 00 

18,000 00 

30,000 00 

82,140 00 

400,000 00 

161,000 00 

62,500 00 

741,660 00 

17,000 00 

264,000 00 

61,687 00 

34,475 00 

159,212 00 

160,000 00 

26,420 00 

1,000 00 

417,380 00 

206,200 00 

150,000 00 

150,000 00 

60,000 00 

109,800 00 

1,025,000 00 

500,000 00 

112,000 00 



$5,972,575 61 $5,391,199 00 



* Estimated for the purpose of permanent investment. 



14<S BLAOK8TONB MUTUAL FIRE INSURANCE CO. 



"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated August, 1868. Commenced business August, 1868.] 
WM. B. McBEE, President. JAMES H. SWEET, Assistant Secretary. 

Income. 

Net premiums, * $471,396 23 

Interest on stocks and bonds, $18,303 . 92 ; all other, $4,120 . 74, 22,424 66 

Profit on sale or maturity of ledger assets, .... 21,45050 



Total income, . . f 515,271 39 

Ledger assets, Dec. 31, 1901, 466,687 44 

Total, $981,958 83 

Disbursements. 

Net amount paid for losses, $39,474 62 

Profits on terminated policies, 365,898 86 

Salaries, fees, etc., of officers and employees, .... 8,936 64 

Rents, 1,360 03 

Taxes, 8,393 22 

Loss on sale or maturity of ledger assets, .... 493 06 

Inspections, 7,290 43 

All other disbursements, 1,414 34 

Total disbursements, $433,261 20 

Balance, $548,697 63 

Ledger Assets. 

Stocks and bonds (schedule A), $451,956 27 

Cash in banks, 89,191 02 

Agents' debits (gross), 7,550 34 

Total ledger assets, • $548,697 63 

Non-Ledger Assets. 

Interest accrued : — 

On stocks and bonds, $ 6,964. 24; other assets, §880.63, . . 7,844 87 

Market value of stocks and bonds over book value, . . 107,818 73 

Gross assets, $664,361 23 

Assets not admitted. 

Agents 1 debits over three months due, 2 50 

Total admitted assets $664,358 73 

* Including S6.711.63 collected of previous years' premiums. 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



149 



, Liabilities. 

Unpaid losses, f 1,313 04 

Unearned premiums on outstanding risks, .... 229,289 66 

Taxes, 6,905 97 

All liabilities, except surplus, . . . . . . $237,508 67 

Surplus, . . . . 426,850 06 

Total liabilities, $664,358 73 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $50,627,808 00 $399,334 63 $1,996,673 15 
Risks written during 1902, . 60,286,161 00 479,825 77 2,399,128 85 



Total, .... $110,913,969 00 $879,160 40 $4,395,802 00 
Risks expired and terminated, . 53,857,287 00 420,581 07 2,102,905 35 



In force at end of year, 



. $57,056,682 00 $458,579 33 $2,292,896 65 



Miscellaneous. 
Losses incurred during the year, . 
Profits or surplus returned during 1902, 90.41 per cent. 



$38,359 00 



Schedule A. 
Stocks and Bonds owned by the 



Rhode Island State bonds, 

United States bonds, 

Chicago, Burlington & Quincy R.R. bonds, 
United Traction & Electric Co. bonds, 
Gt. Northern & Northern Pacific R.R. bonds, 
Pennsylvania R.R. Co. bonds, . 

33 shares Chic, Rock Island & Pacific R.R., 
360 
200 
200 
300 
150 

50 
110 
150 

60 
100 

50 
'100 
100 
100 



Illinois Central R.R., 
Chicago & Northwestern R.R., 
Rome, Watertown & Og. R.R., 
Pennsylvania R.R., . 
Pitts., Ft. Wayne & Chic. R.R., 
Rensselaer & Saratoga R.R., . 
Mahoning Coal Co., 
Hereford R.R., 

Albany & Susquehanna R.R., . 
Morris & Essex R.R., 
Upper Coos R.R., . 
Cleveland & Pittsburgh R.R , . 
Erie & Pittsburgh R.R., . 
Illinois Central R.R., 



Company. 

Book Value. 

$100,000 00 

16,000 00 

5,000 00 

25,000 00 

26,951 27 

4,009 69 

3,300 00 

37,417 50 

19,912 50 

20,000 00 

17,237 09 

25,762 50 

9,900 00 

6,655 00 

15,178 12 

14,580 00 

9,212 50 

7,450 00 

9,750 00 

8,237 50 

10,750 00 



Market Value. 

$110,500 00 

21,720 00 

4,869 00 

28,375 00 

52,640 00 

4,245 00 

6,402 00 

52,830 00 

43,800 00 

27,400 00 

23,344 00 

28,500 00 

10,500 00 

5,995 00 

15,150 00 

14,580 00 

9,575 00 

7,500 00 

9,450 00 

7,900 00 

10,300 00 



150 BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



100 shares Pitts. Bessemer & Lake Erie R.R., 



400 

200 

200 

62 

50 

50 



National Bank of North America, 
National Bank of Commerce, 
Lime Rock National Bank, 
Fourth National Bank, . 
Old National Bank, . 
Manufacturers' Trust Co., 



Book Value. 

$7,702 60 

19,750 00 

14,000 00 

00 

6,200 00 

5,000 00 

5,000 00 



Market Va'.ue. 

$7,600 00 

22,800 00 

11,000 00 

300 00 

7,750 00 

4,750 00 

10,000 00 



1451,956 27 $559,775 00 



"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK." 

NEW YORK, N. Y. 

[Incorporated February, 1898. Commenced business February, 1898.] 

Paid-up Capital, $200,000. 

E. J. KNOWLES, President. JOSEPH M. BIGGEKT, Secretary. 

Income. 

Net fire premiums, 8267,346 27 

Interest on stocks and bonds, $8,205.89 ; all other, £2,700.42, 10,906 31 

Profit on sale or maturity of ledger assets, .... 5,250 00 

Total income, $283,502 58 

Ledger assets, Dec. 31, 1901 324,609 36 

Total, $608,111 94 

Disbursements. 

Net amount paid for fire losses, $112,08 _. 

Commissions or brokerage, ....... 48,769 47 

Salaries, fees, etc., of officers and employees, .... 7,838 36 

Rents, 693 53 

Taxes and fees, 4,347 59 

All other disbursements, 9,616 19 

Total disbursements, $183,345 36 

Balance, $424,766 58 

Ledger Assets. 

Stocks and bonds (schedule A), $330,477 00 

Cash in banks, 21,870 :" 

Agents' debits (gross), 72.419 31 

Total ledger assets, 8424,766 58 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 151 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, $2,308 84 

All other, 3,459 18 



Gross assets, $ 430,534 10 

Assets not admitted. 

Agents' debits over three months due, . . $141 62 

Depreciation in book value of stocks and bonds, 6,995 75 

Total unadmitted assets, .... 7,137 37 



Total admitted assets, $423,396 73 

Liabilities. 

Unpaid losses, $19,076.92; less reinsurance, $400, . . . $18,676 92 
Unearned premiums on outstanding risks, $140,196.65; plus 

•same on disallowed reinsurance, $446.97, .... 140,643 62 

Salaries and other miscellaneous expenses, due or accrued, . 233 71 

Commissions and other charges due agents and brokers, . 19,473 86 

Due for return premiums, $10,923.81 ; reinsurance, $3,545. 12, 14,468 93 



All liabilities, except capital and surplus, . . . $193,497 04 

Surplus to policy holders $229,899 69 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 29,899 69 



Total liabilities, $423,396 73 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . .$18,160,536 00 $185,608 61 
Fire risks written during 1902, . . . 30,142,909 00 335,380 37 



Total, $48,303,445 00 $520,988 98 

Risks expired and terminated, .... 21,432,196 00 231,182 35 



In force at end of year, $26',871,249 00 $289,806 63 

Amount reinsured, 1,760,611 00 22,684 94 



Net amount in force, $25,110,638 00 $267,12169 

Miscellaneous. 

Premiums received from organization of company, . . $867,013 00 

Losses paid from organization of company, .... 503,695 00 

Fire losses incurred during the year, 115,305 00 

Company's stock owned by directors, 179,000 00 



152 BUFFALO COMMERCIAL INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Central Pacific R.R. bonds, .... 610,11250 §10,112.50 

St. Louis & Southwestern R'y Co. bonds, . 19,600 00 19,200 00 

Northern Pacific & Great Northern bonds, . 19,587 50 19,200 00 

N. Y. Gas & Elec. L., H. & Power Co. bonds, . 9,650 00 9,425 00 

New York City bonds, 109,250 00 105,250 00 

Reading Co. Jersey Central bonds, . . . 9,600 00 9,300 00 

Corp. S'k City of N. Y. for erec. of S. & S. M. A., 106,802 00 106,750 00 

Pennsylvania R.R. stock, 24,525 00 22,593 75 

Consolidated Gas Co. of N. Y. stock, . . 21,350 00 21,650 00 



$330,477 00 $323,481 25 



"BUFFALO COMMERCIAL INSURANCE COMPANY. 
BUFFALO, N. Y. 

[Incorporated April 15, 1S96. Commenced business April 16, 1S96.J 

Paid-up Capital, $200,000. 

JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary. 

Income. 

Net fire premiums, . . * $220,889 65 

Interest on mortgage loans, $6,289.46 ; bonds, $5,990.04, . 12,279 50 

Profit on sale or maturity of ledger assets, . . . . 231 22 

Call on stockholders, 49,250 00 

Total income $282,650 37 

Ledger assets, Dec. 31, 1901, 328,618 22 

Total, $611,268 59 

Disbursements. 

Net amount paid for fire losses, ' . $130,402 92 

Commissions or brokerage, 47,332 31 

Salaries, fees, etc., of officers and employees, .... 6,991 66 

Rents, 450 00 

Taxes and fees, 4,291 81 

All other disbursements, . 6,417 52 

Total disbursements, $195,886 22 



Balance, $415,382 37 

* Including $24,249.35 collected of previous years' premiums. 



BUFFALO COMMERCIAL INSURANCE CO. 



153 



Ledger Assets. 



Mortgages,* 
Bonds (schedule A),. 
Cash in banks and office, . 
Agents' debits (gross), 

Total ledger assets, . 



|103,700 00 

184,730 18 

95,371 46 

31,580 73 

1415,382 37 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $410; bonds, $707.04, 
Market value of bonds over book value, . 
Uncollected on call on stockholders, 



Gross assets, 



Liabilities. 

Unpaid losses, including f 675 resisted, .... 
Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $267,532 43 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, .... 67,532 43 

Total liabilities, $420,599 41 



1,117 


04 


3,350 00 


750 00 


$420,599 


41 


$9,185 99 


135,985 


81 


7,895 


18 


$153,066 


98 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$20,734,214 00 $222,347 13 
. 19,451,353 00 244,307 13 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $40,185,567 00 $466,654 26 
. 17,450,870 00 200,352 63 



.$22,734,697 00 $266,301 63 
777,219 00 6,903 49 



$21,957,478 00 259,398 14 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$882,843 00 

511,833 00 

123,656 00 

11,000 00 

78,000 00 



* Value of land, $133,253; buildings, $111,475; insurance thereon, $99,950. 



154 



BUFFALO GERMAN INSURANCE CO. 



Schedule A. 

Bonds owned by the Company. 

Book Value. 

State of New York bonds, .... $100,000 00 
City of Buffalo, N. Y., bonds, .... 84,730 18 



Market Value. 

1101,000 00 
87,080 18 



$184,730 18 $188,080 18 



"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, §200,000. 

OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary. 



Income. 

Net fire premiums, 

Interest on mortgage loans, $22,194.37 ; collaterals,* 1,541. 36 

stocks and bonds, $39,920.48 ; all other, $3,267.08, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



* $536,532 47 

66,923 29 

25,132 05 

3,615 15 

$632,202 96 
1,991,666 26 

$2,623,869 22 



Disbursements. 

Net amount paid for fire losses, 1226,927 08 

Interest and dividends to stockholders, 60,000 00 

Commissions or brokerage, 118,266 66 

Salaries, fees, etc., of officers and employees, .... 28,469 01 

Rents, including company's own occupancy, .... 2,000 00 

Repairs and expenses on real estate, 5,898 40 

Real estate taxes, $12,503.08; other taxes and fees, $11,450.02, 23,953 10 

Loss on sale or maturity of ledger assets, .... 1,095 60 

All other disbursements, 22,389 15 

Total disbursements, . $488,999 00 



Balance, $2,134,870 22 



Ledger Assets. 

Real estate, $322,300 ; mortgages,! $412,400, . 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 



8734,700 00 

26,380 00 

1,116,429 29 



* Including $57,875.35 collected of previous years' premiums. 

r Value of land, $582,860; buildings, $4S9, 175; insurance thereon, $381,550. 



BUFFALO GERMAN INSURANCE CO. 



155 



Cash in banks and office, 
Agents' debits (gross), 

Total ledger assets, 



. $195,824 90 
61,536 03 

. $2,134,870 22 



Non-Ledger Assets. 

Interest due and accrued : — 

•On mortgages, $3,196.52; stocks and bonds, $8,092.33; col- 
lateral loans, $230.40, 

Rents due on company's property, 



11,519 25 
1,987 64 



Gross assets,* $2,148,377 11 

Liabilities. 
Unpaid losses, including $3,487.50 resisted, .... $2$,853 32 
Unearned premiums on outstanding risks, $425,287.28 ; plus 

same on disallowed reinsurance, $24,427.58, . . . 449,714 86 
Commissions and other charges due agents and brokers, . 12,307 21 



All liabilities, except capital and surplus, . . . $491,875 39 
Surplus to policy holders, .... $1,656,501 72 

Paid-up capital, . . 200,000 00 

Surplus over capital and general liabilities, .... 1,456,501 72 



Total liabilities, $2,148,377 11 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$77,864,801 00 $759,409 62 
. 54,822,450 00 624,129 29 



Total, 

Risks expired and terminated, . 

In force at end of year, .' 
Amount reinsured, . 

Net amount in force, . 



$132,687,251 00 $1,383,538 91 
. 49,729,366 00 525,355 37 



. $82,957,885 00 $858,183 54 
. 4,910,367 00 53,009 73 



. $78,047,518 00 $805,173 81 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, . . . . 



$10,870,784 00 

5,244,505 00 

229,213 00 

1,265,925 00 

60,000 00 

49,000 00 



* Including $200,000 special reserve held under New York law, 



15(3 



CALEDONIAN-AMERICAN INSURANCE CO. 



Schedule A. 

Securities held as Collateral. 

Market Value. 

Exchange Elevator Co., Buffalo, N. Y., stock, . $1,000 00 

International Brewing Co., Buffalo, N. Y., st'k, 2,090 00 

Magnus Beck Brewing Co., Buffalo, N. Y., st'k, 

Fidelity Tr. & Guar. Co., Buffalo, N. Y., stock, 

German Bank, Buffalo, N. Y., stock, 

Buffalo Co-Op. Brew. Co., Buffalo, N. Y., sfk, 

Central Production Co., Pittsburg, Pa., stock, . 

Nat'l Beet Sugar Co., Sugar City, Colo., bonds, 

N'l Electrolytic Co., Niagara F., N. Y., stock, . 

German Bank, Buffalo, N. Y., stock, 



495 00 

11,250 00 

12,000 00 

1,350 00 

1,250 00 

10,000 00 

10,000 00 

8,000 00 



Schedule B. 



Loaned Thereon. 

*700 00 
2,000 00 

6,500 Od 

1,000 00 
180 00 

10,000 00 
6,000 00 
157,435 00 $26,380 00 



Stocks and Bonds owned by the Company. 

Book Value. 

City of Buffalo, N. Y., bonds, .... $762,179 29 

Erie County, N. Y., bonds, .... 273,000 00 

Buffalo South West R.R. bonds, . . . 36,250 00 

Third National Bank, Buffalo, stock, . . 45,000 00 



Market Value. 

|774,718 46 

287,000 00 
38,425 00 
45,000 00 



$1,116,429 29 f 1,145,143 46 



"CALEDONIAN-AMERICAN INSURANCE COMPANY." 
NEW YORK, N. Y. 

[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.] 

Paid-up Capital, $200,000. 

CHARLES H. POST, President. N. A. MCNEIL, Vice-President and Secretary. 

Income. 

Net fire premiums, * $25,861 64 

Interest on stocks and bonds, 9,180 65 



Profit on sale or maturity of ledger assets, 



',238 03 



Total income, £42,280 32 

Ledger assets, Dec. 31, 1901, 291,197 61 



Total, $333,477 93 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc , of officers and employees, . 
Rents, 



$16,180 46 

9,000 00 

3,532 22 

903 13 

43 19 






* Including $9,291.45 collected of previous years' premiums. 



CALEDONIAN-AMERICAN INSURANCE CO. 157 

Taxes and fees, . . - $323 94 

All other disbursements, 549 98 



Total disbursements, $30,582 92 



Balance, $302,945 01 

Ledger Assets. 

Stocks and bonds (schedule A), $288,757 59 

Cash in banks, 1,552 52 

Agents 1 debits (gross), 11,948 31 

All other ledger assets, 686 59 

Total ledger assets, $302,945 01 

Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . . . 1,345 83 

Market value of stocks and bonds over book value, . . 4,342 41 

All other, 1,748 34 



Gross assets, $310,381 59 

Assets not admitted. 

Agents' debits over three months due, . . . . . 250 00 

Total admitted assets, $310,131 59 

Liabilities. 

Unpaid losses, including $750 resisted, $10,927.80; less rein- 
surance, $8,005.78 $2,922 02 

Unearned premiums on outstanding risks, 8,814 76 

Commissions and other charges due agents and brokers, . 3,041 56 

Due for reinsurance, 6,724 39 



All liabilities, except capital and surplus, . . . $21,502 73 
Surplus to policy holders, .... $288,628.86 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 88,628 86 

Total liabilities, $310,131 59 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

$17,306,145 00 $178,247 78 
6,607,058 00 79,336 91 



$23,913,203 00 $257,584 69 
9,534,094 00 108,847 31 



$14,379,109 00 $148,737 38 
12,841,021 00 131,590 41 



$1,538,088 00 $17,146 97 



158 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4.5 per cent.), 
Company's stock owned by directors, .... 



1326,713 00 

-,182 00 
8,200 00 
19,000 00 
9,000 00 
4,500 00 



Schedule A. 
Stocks and Bonds owned by the 



New York City school bonds, . 
Steinway R.R. Co. of N. Y. bonds, . 
Brooklyn, Queens Co & Sub. R.R. Co. bonds, 
N. Y., Ontario & Western R'y Co. bonds, 
Tenth & Twenty-third St. Ferry Co. bonds, 
Morris & Essex Railway Co. stock, . 
Cleveland & Pittsburg R.R. Co. stock, . 
Rome, Watertown & Ogdensb. R.R. Co. stock, 
Pitts., Bessemer & Lake Erie R.R. Co. stock, 
N. Y., Chic. & St. Louis R.R. Co. stock, . 



Company. 

Book Value. 

$200,000 00 

5,718 75 

5,481 25 

5,097 38 

5,087 50 

17,639 29 

17,976 06 

12,785 79 

7,283 90 

11,687 67 



Market Value. 

1200,000 00 

6,000 00 

5,550 00 

5,150 00 

5,200 00 

19,200 00 

19,200 00 

13,900 00 

7.100 00 

11,800 00 



£288,757 59 f 293,100 00 



"CAMDEN FIRE INSURANCE ASSOCIATION, 11 CAMDEN. N J. 

[Incorporated March, 1841. Commenced business April, 1S41/ 

Paid-up Capital, $200,000. 

EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary. 

Income. 

Net fire premiums, $387,611 18 

Deposit premiums on perpetual risks, 298 25 

Interest on mortgage loans, 812,733. 12 ; collaterals, f 1,533.36 ; 

stocks and bonds, $11, 628. 15; all other, $178.61, . . 26,073 24 

Rents, 2,492 00 

Profit on sale or maturity of ledger assets, .... 1,767 67 

From all other sources, 40 84 

Total income, $418,283 18 

Ledger assets, Dec. 31, 1901, 591,404 94 

Total, $1,009,688 12 

Disbursements. 

Net amount paid for fire losses, . . . * . . . $157,919 66 

Deposit premiums returned, 1,293 41 

Interest and dividends to stockholders, 19,981 00 

Commissions or brokerage, 91,971 66 



CAMDEN FIRE INSURANCE ASSOCIATION. 



159 



Salaries, fees, etc., of officers and employees, . 
Repairs and expenses on real estate, 
Real estate taxes, $ 624.81 ; other taxes and fees, 
Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 

Balance, 



1,581.41, 



$11,662 22 

792 06 

6,206 22 

1,509 75 

9,417 84 

$300,753 82 

$708,934 30 



Ledger Assets. 
Real estate, $47,111 .54 ; mortgages,* $193,532.34, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 debits (gross), 

All other ledger assets, 

Total ledger assets, 

Non-Ledger Assets. 

' Interest due and accrued : — 

On mortgages, $3,453.45 ; other assets, $384.91, . 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, 



Gross assets, 



$240,643 88 

46,100 00 

324,127 08 

23,700 09 

74,163 25 

200 00 

$708,934 30 



3,838 36 

85 00 

4,094 92 

$716,952 58 



Assets not admitted. 
Depreciation in book value of real estate, . 

Total admitted assets, 

Liabilities. 
Unpaid losses, including $1,500 resisted, $37,860 ; less rein- 
surance, $15.67, 

Unearned premiums on outstanding risks, . 

Reclaimable on perpetual fire policies, 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, , 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$369,407 41 



4,711 54 
$712,241 04 



$37,844 33 

256,222 10 

23,790 40 

205 80 

2 14 

24,721 08 

47 78 

$342,833 63 

200,000 00 

169,407 41 

$712,241 04 



* Value of land, $168,000; buildings, $228,650; insurance thereon, $211,850. 



li;o 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$26,866,011 00 $289,149 94 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



. 39,353,009 00 489,729 76 



>,219,020 00 $778,879 70 
. 26,215,726 00 299,068 13 



.$40,003,294 00 $479,811 57 
. 1,233,669 00 13,218 10 



Net amount in force, $38,769,625 00 $466,593 47 

Perpetual risks in force (not included above), $1,177,207 00 $26,433 78 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



$1,135,274 00 

399,600 00 

166,226 00 

287,937 00 

52,865 00 

20,000 00 

34,295 00 



Schedule A. 
Securities held as Collateral. 



Camden & Suburban R'y Co. bonds, 
Atlantic Coast Line R'y Co. bonds, . 
Atlantic Coast Line R'y Co. bonds, . 
Syracuse Rapid Transit R.R. Co. bonds, 
Wisconsin Central R.R. Co. bonds, . 
Colorado Southern R'y Co. bonds, . 
Bethlehem Steel Co. bonds, 
Philadelphia Electric Trust bonds, . 
100 shares Central Trust Co., . 



Market Value. 

$2,000 00 
12,000 00 
1,000 00 >| 



Loaned Thereon. 

$1,100 00 
10,000 00 



9,450 00 ! 



6,510 00 . 

15,075 00 

3,125 00 ) 

5,000 00 S 



} 15,000 00 



15,000 00 
5,000 00 



$54,160 00 $46,100 00 



Schedule B. 



Stocks and Bonds owned by the Company. 



Camden city bonds, 

Lehigh Valley Coal Co. bonds, 
Choctaw, Oklahoma & Gulf R.R. bonds, . 
Phila Co. & Phil. & Read. Coal & Iron Co. b'ds, 
Consolidated Traction Co. of N. J. bonds, 



Book Value. 

$3,515 23 
20,153 75 
15,650 00 
22,018 75 
16,287 50 



Market Value. 

-53,200 00 
21,600 00 
16,650 00 
24,250 00 
16,200 00 



THE CAPITAL FIRE INSURANCE CO. 



161 



Electric & People's Traction Co. bonds, . 
Norfolk & Western R.R. Co. bonds, 
Maryland Steel Co. bonds, 
Syracuse Rapid Transit Co. bonds, . 
Asphalt Co. of America bonds, 
Philadelphia Co. of Pittsburg bonds, 
South Bound R.R. Co. bonds, . 
Wisconsin Central R.R. Co. bonds, . 
City of Dnluth Water and Light bonds, . 
Jersey City, Hoboken & Paters'nR.R. Co. b'ds 
Choctaw & Memphis R.R. Co. bonds, 
Reading Co. Car Trust bonds, . 
Iron Mountain Car Trust bonds, 
Atlantic Coast Line R.R. Co. bonds, 
Norfolk & West. Pocahontas Pur. Money b'ds 
Philadelphia Co. bonds, .... 
Citizens 1 St. R'y Co. of Muncie, Ind., bonds, 
16 shares Girard Trust Co. (Phil.), 
50 " Philadelphia & Camden Ferry Co. 
100 " Philadelphia Traction Co., 
192 " West Jersey & Seashore R.R., 
100 " Consol. Lake Superior Co., . 
100 " Philadelphia Co., . 



Book Value. 

$24,968 75 

19,062 50 

20,208 33 

7,110 00 

4,262 50 

14,157 50 

9,750 00 

13,662 50 

5,800 00 

12,500 00 

5,475 00 

15,138 75 

15,374 89 

10,093 34 

4,737 50 

10,725 00 

4,216 67 

7,973 37 

6,000 00 

9,756 25 

13,154 00 

7,662 50 

4,712 50 



Market Value. 

$24,500 00 
20,000 00 
21,000 00 

7,350 00 

1,250 00 
14,430 00 
11,100 00 
13,950 00 

5,750 00 
11,700 00 

5,800 00 
15,000 00 
15,300 00 
10,000 00 

4,600 00 
10,500 00 

4,200 00 
10,960 00 

6,500 00 

9,800 00 
13,632 00 

4,100 00 

4,900 00 



|324,127 08 $328,222 00 



"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, 
N. H.," CONCORD, N. H. 

[Incorporated March 10, 1886. Commenced business March 19, 1886.] 

PAiD-ur Capital, $200,000. 

LTMAN JACKMAN, President. CHARLES L. JACKMAN, Secretary. 

Income. 

Net fire premiums, * $232,641 79 

Interest on mortgage loans, $5,299.73; stocks and bonds, 

$6,253.70; all other, $142.14, 11,695 57 

Rents, 6,059 16 

Profit on sale or maturity of ledger assets, .... 553 26 

From all other sources, 1,335 30 

Total income $252,285 08 

Ledger assets, Dec. 31, 1901, 342,652 84 

Total, $594,937 92 



* Including $32,618.41 collected of previous years' premiums. 



162 



THE CAPITAL FIRE INSURANCE CO. 



Disbursements 

Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 
Real estate taxes, $ 1,180.97 ; other taxes and 
Loss on sale or maturity of ledger assets, 
All other disbursements, .... 



fees, 



Total disbursements, 
Balance, 



Ledger Assets 

Real estate, $86,311.74; mortgages,* $ 107,404 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' debits (gross), .... 



$ 5,96 1.83 



68, 



Total ledger assets, .... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,888.98; stocks and bonds, § 847. 25 

lateral loans, $9.91 ; other assets, §58.36, . 
Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



col- 



LlABILITIES. 

Unpaid losses, including $2,860.66 resisted, $27,404.90 ; less 
reinsurance, $4,066.77, 

Unearned premiums on outstanding risks, $154,175.39 ; plus 
same on disallowed reinsurance, $1.31, . 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $ 4,925. 91 ; reinsurance, $915.32, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$250,921 73 



190,814 33 

37,389 

12,604 34 
1,883 71 
1,008 10 
7,142 80 
1,163 78 

18,807 76 

1170313 90 

$424,124 02 



|193,716 42 

1,700 00 

170,730 60 

22,615 64 

35,361 36 

$424,124 02 



2,804 50 

644 83 

10,289 33 

10,645 15 

241 66 

$448,749 49 



$23,338 13 

154,176 70 
S.090 95 
6,380 :r-> 
5,841 23 

$197,827 76 

200,000 00 
50,921 73 

$448,749 49 



* Value of land, $$5,050; buildings, $146,100; insurance thereon, $10-2,050. 



THE CAPITAL FIRE INSURANCE CO. 



163 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

. $29,725,453 00 $326,529 69 
. 20,975,454 00 268,009 47 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $50,700,907 00 $594,539 16 
. 20,703,978 00 235,117 21 



,996,929 00 $359,421 95 
3,742,832 00 58,448 34 



.$26,254,097 00 $300,973 61 



Miscellaneous. 

* 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year; 

Cash dividends declared from organization of company 

Company's stock owned by directors, 



$3,210,998 00 

1,413,376 00 

93,008 00 

105,614 00 

52,200 00 



10 shares Nat'l Bank, Lebanon, N. H., 
10 " Iowa Loan & Trust Co., . 



Schedule A. 
Securities held as Collateral. 

Market Value. 

$1,200 00 
1,300 00 



Loaned Thereon. 



$1,700 00 



Schedule B. 

Stocks and Bonds owned by the 



City of Portsmouth, N. H., bonds, . 

City of Dover, N. H., bonds, . 

City of Concord, N. H., bonds, . 

N. H. Trust Co., Manchester, N. H., bonds, 

Muscatine M. & Tr. Co., Muscatine, la., bonds 

City Water Co., Merrill, Wis., bonds, 

Cent. Loan & Deb. Co., Kan. City, Mo., bonds 

Winfield Water Co., Winfield, Kan., bonds, 

Johnson L. & Tr. Co., Ark*. City, Kan., bonds, 

Grand Forks, Da., Gas & Electric Co. bonds, 

Wichita, Kan., Water Co. bonds, 

Neb. Loan & Tr. Co., Hastings, Neb., bonds, 

City of Kingman, Kan., Water Co. bonds, 

Town of Montrose, Col., bonds, 

Denver Consolidated Electric Co. bonds, . 

Northern Pacific-Gt. Northern R.R. bonds, 

American Bell Telephone Co. bonds, 



$2,500 00 $1,700 00 



Company. 

Book Value. 

$41,200 00 

26,487 50 

26,000 00 

3,550 00 

2,500 00 

5,000 00 

2,910 00 

3,000 00 

45 00 

3,000 00 

2,000 00 

500 00 

1,000 00 

800 00 

1,000 00 

4,787 50 

1,987 50 



Market Value. 

$43,200 00 

28,080 00 

28,000 00 

3,240 00 

1,950 00 

5,000 00 

2,328 00 

3,000 00 

45 00 

3,000 00 

2,000 00 

500 00 

500 00 

800 00 

1,000 00 

4,700 00 

1,960 00 



164 THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 



Denver Consolidated Gas & Elec. Co. bonds, 

60 shares Concord & Montreal R.R., 

30 " Pennsylvania R.R. Co., 

40 " Illinois Central R.R., 

15 " Atch., Topeka & Santa Fe R.R., 

25 " Page Belting Co., Concord, N. H., 

25 M Prescott Piano Co., Concord, N. H., 

1 share Amoskeag Mfg. Co., Manch., N. H., 

2 shares Nashua Mfg. Co., Nashua, N. H., 
30 " Pullman Palace Car Co., . 

50 " Concord Real Estate Co., . 
10 " Nat'l Bank of Lebanon, N. H., . 
7 " Araory Manufacturing Co., 
30 " Missouri & Kansas Tel. Co., . 
20 " Western Union Telegraph Co., 



Book Value. 

$4,400 00 

9,033 30 

2,411 25 

5,950 00 

1,511 25 

1,250 00 

2,500 00 

1,500 00 

1,162 50 

3,033 50 

5,000 00 

1,200 00 

1,148 80 

3,075 00 

.1,787 50 



Market Value. 

$4,400 00 

12,000 00 

2,347 50 

5,905 00 

1,511 25 

1,250 00 

2,500 00 

1,900 00 

1,160 00 

6,900 00 

5,000 00 

1,250 00 

1,099 00 

3,075 00 

1,775 00 



$170,730 60 $181,375 75 



"THE CENTRAL MANUFACTURERS 1 MUTUAL INSURANCE 
COMPANY," VAN WERT, OHIO. 

[Incorporated April 7, 1876. Commenced business Oct. 2, 1876.] 
H. V. OLNEY, President. F. W. PURMORT, Secretary. 

Income. 

Net premiums * $124,610 29 

Interest on mortgage loans, $1,024.03 ; bonds, $738.04, . 1,762 07 

Total income, $126,372 36 

Ledger assets, Dec. 31, 1901, . 100,091 86 

Total $226,464 22 

Disbursements. 

Net amount paid for losses, $69,317 81 

Profits on terminated policies, 10,510 91 

Commissions or brokerage, 16,062 40 

Salaries, fees, etc., of officers and employees, .... 6,199 83 

Rents 250 00 

Taxes and fees, 2,283 40 

Profit and loss, 179 60 

All other disbursements, 2,886 67 

Total disbursements, $107,690 62 

Balance, $118,773 60 

* Including $7,491.58 collected of previous years' premiums. 



THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 165 



Ledger Assets 



Mortgages,* 
Bonds (schedule A),. 
Cash in banks and office, . 
Agents 1 debits (gross), 

Total ledger assets, . 



$37,625 00 

59,700 00 

8,386 62 

13,061 98 

$118,773 60 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, |532.05 ; bonds, $205, 
Market value of bonds over book value, . 



Gross assets, 



Liabilities. 

Unpaid losses, including $1,279 resisted, . 
Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers 

All liabilities, except surplus, .... 
Surplus, 



Total liabilities, 



737 05 

4,500 00 



$124,010 65 

$4,099 78 

58,281 52 

1,927 07 


$64,308 37 
59,702 28 



$124,010 65 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $4,980,818 00 $91,18128 $455,906 40 

Risks written during 1902, . 7,000,949 00 141,794 93 708,974 65 



Total, $11,981,767 00 $232,976 21 $1,164,881 05 

Risks expired and terminated, . 6,178,589 00 116,413 17 582,065 85 



In force at end of year, 



. $5,803,178 00 $116,563 04 $582,815 20 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 20 per cent. 



,977 00 



Schedule A. 
Bonds owned by the Company. 

Book Value. 

United States bonds, $50,000 00 

Ohio city bonds, 3,000 00 

Van Wert street improvement bonds, . . 6,700 00 



Market Value. 

$54,500 00 
3,000 00 
6,700 00 



$59,700 00 $64,200 00 



* Value of land, $91,250; insurance on buildings, $1,200. 



16() citizens' INSURANCE CO. 



"CITIZENS' INSURANCE COMPANY OF MISSOURI; 1 
ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1837.] 

Paid-up Capital, $200,000. 

SOL. E. WAGGONER, President. JOHN II. CARR, Secretary. 

Income. 

Net fire premiums, $525,035.47; marine, $180.52, . . . * $ 525,215 99 

Interest on mortgage loans, $10,146.05 ; bonds, $1,388.10, . 11,534 15 

Received from stockholders, 50,000 00 

Total income, $586,750 14 

Ledger assets, Dec. 31, 1901, 381,646 76 

Total, $968,396 90 

Disbursements. 

Net amount paid for fire losses, $211,096 20 

Commissions or brokerage, 49,567 72 

Salaries, fees, etc., of officers and employees, .... 30,251 38 

Rents, including company's own occupancy, .... 1,776 25 

Real estate taxes, $35.97 ; other taxes and fees, $12,024. 14, . 12,060 11 

All other disbursements, 28,371 08 

Total disbursements, $333,122 74 

Balance, $635,274 16 

Ledger Assets. 

Real estate, $4,877 ; mortgages,! $216,865, .... $221,742 00 

Bonds (schedule A), 181,375 00 

Cash in banks and ofiice 102,798 30 

Agents' debits (gross), 129,358 86 



Total ledger assets, $635,274 16 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $3,282; bonds, $1,790, 5,072 00 

Gross assets $640,346 16 

* Including $109,563.35 collected of previous years' premiums. 
t Value of property, $537,500; insurance thereon, $1S3,S50. 



citizens' INSURANCE CO. 



167 



Liabilities. 

Unpaid losses, including $6,021.77 resisted, $125,922.36 ; less 
reinsurance, $93,857.53, $32,064 83 

Unearned premiums on outstanding risks, $266,186.07 ; plus 

same on disallowed reinsurance, $1,931.54, . . . . 268,117 61 

Commissions and other charges due agents and brokers, . 29,545 62 



. $329,728 06 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... $310,61810 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 110,618 10 

/ 

Total liabilities, $640,346 16 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . .$88,133,079 00 $1,134,051 07 
Fire risks written during 1902, . . . 135,356,453 00 1,951,807 43 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1902, 
Risks expired and terminated, . 



$223,489,532 00 $3,085,858 50 
. 100,875,399 00 1,244,398 73 



$122,614,133 00 $1,841,459 77 
. 90,667,354 00 1,357,168 77 



$31,946,779 00 $484,291 00 



Miscellaneous. 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Company^ stock owned by directors, 



$128,435 00 $601 69 
128,435 00 601 69 


npany, 
mpany, 


. $4,250,786 00 
200,450 00 
985,798 00 
165,000 00 
200,000 00 



Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 

Southern Pacific R.R. bonds, .... $54,875 00 $54,875 00 

Brooklyn Union Elevated R'y bonds, . . 50,500 00 50,500 00 

Elgin, Joliet & E< R'y bonds, ! 28,500 00 28,500 00 

Chesapeake & Ohio R'y bonds, . . . 47,500 00 47,500 00 



$181,375 00 $181,375 00 



168 THE COLONIAL ASSURANCE CO. 



"THE COLONIAL ASSURANCE COMPANY OF THE CITY OR 
NEW YORK,'' NEW YORK, N. Y. 

[Incorporated June 16, 1896. Commenced business July 16, 
Paid-up Capital, $200,000. 
LEO H. WISE, President. E. E. HALL, Secretary. 

Income. 

Net fire premiums, $544,902. 14; marine, $3,905. 40, . . * 6548,807 54 

Interest on bonds, 13,458 86 

Total income, 8562,266 40 

Ledger assets, Dec. 31, 1901, 465,119 71 

Total, £1,027,386 11 

Disbursements. 

Net amount paid for fire losses, $254,810.75; marine, 

$35,356.59, $290,107 

Interest and dividends to stockholders, 00 

Commissions or brokerage 144,164 77 

Salaries, fees, etc., of officers and employees, .... 3,455 00 

Taxes and fees, 11,523 09 

All other disbursements, 732 40 

Total disbursements, 8456.042 60 

Balance, $571,343 51 

Ledger Assets. 

Bonds (schedule A), 8459,550 00 

Cash in banks, 12,332 27 

Agents 1 debits (gross), 99,461 24 

Total ledger assets, $571,343 51 

Non-Ledger Assets. 

Interest due and accrued on bonds, .29 17 

Gross assets, 8574,572 68 

Assets not admitted. 

Special deposits less $50 liability thereon, 13,900 00 

Total admitted assets, $560,672 68 

* Including $90,754.73 collected of previous years' premiums. 



THE COLONIAL ASSURANCE CO. 



169 



Liabilities. 

Unpaid losses, including $3,582.21 resisted, $44,885.80; 

less reinsurance, $1,137.82, 

Unearned premiums on outstanding risks, $232,459.85 ; plus 

same on disallowed reinsurance, $1,491.44, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $17,955 . 85 ; reinsurance, $4,395 . 28, 



$43,747 98 

233,951' 29 
24,580 26 
22,351 13 

$324,630 66 

200,000 00 
36,042 02 

Total liabilities, $560,672 68 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, 



$236,042 02 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Marine risks outstanding Dec. 31, 1901 
Marine risks written during 1902, . 

Total,. . 
Risks expired and terminated, . 



.$29,503,545 00 
. 43,388,066 00 

.$72,891,611 00 
. 37,465,672 00 

.$35,425,939 00 
. 1,395,880 00 



Premiums. 

$334,306 29 
574,103 06 

$908,409 35 
433,611 26 

$474,798 09 
17,170 45 



. $34,030,059 00 $457,627 64 



$1,688,566 00 

38,799 00 

$1,727,365 00 

1,727,365 00 



$57,763 70 
769 04 

$58,532 74 
58,532 74 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 

Bonds owned by the Company. 

Book Value. 

United States bonds, $139,300 00 

New York city bonds, 193,500 00 

New York State bonds, 100,000 00 

Brooklyn city bonds, 26,750 00 



$2,021,842 00 

1,530,005 00 

257,388 00 

31,702 00 

26,000 00 

6,000 00 

101,940 00 



Market Value. 

$139,300 00 

193,500 00 

100,000 00 

26,750 00 



$459,550 00 $459,550 00 



170 



THE COLONIAL FIRE INSURANCE CO. 



"THE COLONIAL FIRE INSURANCE COMPANY OF THE 
DISTRICT OF COLUMBIA," WASHINGTON, D. C. 

[Incorporated Dec. 12, 1899. Re-incorporated Feb. 11, 1902. Commenced business 

Feb. 7, 1900.] 

Paid-up Capital, $200,000. 

S. W. WOODWARD, President. E. QUINCY SMITH, Secretary. 

Income. 

Net lire premiums, * $95,266 19 

Interest on mortgage loans, $6,477.61 ; collaterals, 11,292.60 ; 

bonds, $3,207.50; all other, $54. 40, 11,032 11 



Total income, 
Ledger assets, Dec. 31, 1901, 



5106,298 30 
268,306 35 



Total $374,604 65 



Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

Loss on sale or maturitv of ledger assets, 
Reinsurance unpaid in 1901, .... 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $1,872.87; mortgages,! $141,693.97, 
Loans secured by collateral (schedule A), 
Bonds (schedule B), . 
Cash in banks and office, 
Agents 1 debits (gross), 
All other ledger assets, 

Total ledger assets, 



$56,581 55 
24,990 72 
8,400 00 
3,441 97 
2,204 24 
57 53 
5,286 43 

$100,962 44 

$273,642 21 



$143,566 .84 

15,485 00 

97,307 43 

9,784 51 

6,893 37 

605 06 

$273,642 21 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,774.96; bonds, $756.70; collateral loans, 

$7.82, 2,539 48 

All other, 3,887 15 

Gross assets, f 280,068 84 



* Including $466.77 collected of previous years' premiums. 

T Value of land, $191,715; buildings, $19S,650; insurance thereon, $142,050. 



THE COLONIAL FIRE INSURANCE CO. 



171 



Liabilities. 

Unpaid losses, including $700 resisted, 

Unearned premiums on outstanding risks, $54,662.40; plus 
same on disallowed reinsurance, $71.94, . . . . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $2,008.55 ; reinsurance, $72. 64, 
Miscellaneous, 



$6,144 86 

54,734 34 
1,483 80 
2,081 19 
3,637 15 

$68,081 34 

200,000 00 
11,987 50 

Total liabilities, $280,068 84 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



111,987 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$7,246,658 00 
8,623,521 00 

$15,870,179 00 
7,422,135 00 

$8,448,044 00 
1,433,605 00 



Premiums. 

$100,261 07 
135,041 57 

$235,302 64 
119,178 73 

$116,123 91 
11,669 85 



$7,014,439 00 $104,454 06 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, .... 

Fire losses incurred during the year, 

Company's stock owned by directors, 

Schedule A. 

Securities held as Collateral. 

Market Value. 

30 shares N'l Metro. B'k, Washington, D. C, $21,750 00 

436 " American Graphophone Co., . . 1,526 00 

26 " Am. Secur. & Tr. Co , Wash., D. C, 5,590 00 

7 " Union Saw B'k, Washington, D. C, 1,260 00 



$222,069 00 

103,755 00 

46,863 00 

83,100 00 



Loaned Thereon. 

$11,000 00 

1,100 00 

2,500 00 

885 00 



Schedule B. 



,126 00 $15,485 00 



Bonds owned by the Company. 

Book Value. 

Norfolk, Va., city bonds, $10,259 93 

New York city bonds, 56,457 50 

Brooklyn city bonds, 1,040 00 

Syracuse, N. Y., city bonds, .... 29,550 00 



Market Value. 

$10,259 93 

56,457 50 

1,040 00 

29 550 00 



$97,307 43 $97,307 43 



172 



COLUMBIA INSURANCE CO. 



"COLUMBIA INSURANCE COMPANY, 1 ' JERSEY CITY, N. J 

[Incorporated March 21, 1901. Commenced business March 21, 1001/ 

Paid-up Capital, $400,000. 

JAMES A. WHITLOCK, President. H. L. PARKER, Acting Secretary. 



Income. 



Net marine premiums, 
Interest on bonds, 

Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



Disbursements 
Net amount paid for marine losses, . 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 



Bonds (schedule A),. 
Cash in banks, . 
Agents' debits (gross), 

Total ledger assets, 



* $45,223 23 

14,206 04 

$59,429 27 
508,026 05 

$567,455 32 



$28,292 15 

12,000 00 

11,398 78 

3,800 37 

387 00 

2,071 46 

1,365 13 

2,311 85 

$61,626 74 

$505,828 58 



$420,723 13 

74,523 15 
10,582 30 

$5l'5,*2* 58 



Non-Ledger Assets. 



Interest accrued on bonds, 
Gross assets, 



"4 99 
-,7l)3 57 



Assets not admitted. 

Agents' debits over three months due, . . $681 25 

Depreciation in book value of bonds, . . 9,217 51 

Total unadmitted assets, .... 9,898 76 



Total admitted assets, 



0499.804 81 



* Including $21,367.70 collected of previous years' premiums. 



COMMERCE INSURANCE CO. 



173 



Liabilities. 

Unpaid losses, including §21,700 resisted, 
Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$438,052 43 



$30,164 00 

31,531 05 

57 33 



,752 38 



400,000 00 
38,052 43 



Total liabilities $499,804 81 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1901, . . $7,495,68000 $129,881 19 



Marine risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 



8,002,753 00 128,384 59 



.$15,498,433 00 $258,265 78 
. 12,508,395 00 195,203 69 



$2,990,038 00 $63,062 09 



Miscellaneous. 

Premiums received from organization of company, . . $194,775 00 

Losses paid from organization of company, .... 119,613 00 

Inland marine losses incurred during the year, . . . 24,934 00 

Cash dividends declared from organization of company, . 12,000 00 

Dividends declared during the year (3 per cent), . . . 12,000 00 

Company's stock owned by directors, 500 00 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

City of Jersey City bonds, .... $116,37500 $112,75000 

City of New York bonds, 187,610 63 184,880 62 

City of Binghamton bonds, .... 53,812 50 52,000 00 

City of Buffalo bonds, 62,925 00 61,875 00 

$420,723 13 $411,505 62 



" COMMERCE INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

GARRETT A. VAN ALLEN, President. A. J. HINMAN, Secretary. 

Income. 

Net fire premiums, .........* $194,045 16 

Interest on mortgage loans, $1,126 ; collaterals, $286.32; 

stocks and bonds, $4,839.03 ; all other, $1,500.73, . . 7,752 08 



* Including $981.57 collected of previous years' premiums. 



174 COMMERCE INSURANCE CO. 

Rents, $7,630 14 

Profit on sale or maturity of ledger assets, .... 44,343 75 



Total income, $253,771 13 

Ledger assets, Dec. 31, 1901, 359,373 78 



Total $613,144 91 

Disbursements. 

Net amount paid for fire losses, $99,808 81 

Interest and dividends to stockholders, 16,000 00 

Commissions or brokerage, 44,828 25 

Salaries, fees, etc., of officers and employees, .... 14,262 17 

Repairs and expenses on real estate, 2,162 19 

Real estate taxes, $2,119.35 ; other taxes and fees, $6,904. 07, . 9,023 42 

Loss on sale or maturity of ledger assets, .... 00 

Profit and loss, 376 32 

Return premiums and reinsurance unpaid in 1901, . . . 152 83 

All other disbursements, 9,174 90 



Total disbursements, $199,788 89 



Balance, $413,356 02 

Ledger Assets. 
Real estate, $79,000 ; mortgages,* $28,600, .... $107,600 00 



Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' debits (gross), .... 



20,300 00 

171,250 00 

93,803 44 

20,402 58 



Total ledger assets, $413,356 02 

Nox-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $1,757.98 ; other assets, $56.25, . . 1,814 23 

Rents accrued on company's property, 621 01 

Market value of stocks and bonds over book value, . . 8,752 00 



Gross assets, $424,543 26 

Liabilities. 

Unpaid losses, including $2,250 resisted, $17,860; less re- 
insurance, $60, $17,800 00 

Unearned premiums on outstanding risks, $125,467.68; plus 

same on disallowed reinsurance, $2,028.42, . . . . 127,496 10 



All liabilities, except capital and surplus, . . . $145,296 10 
* Value of land, $35,950; buildings, $54,050; insurance thereon, $46,000. 



COMMERCE INSURANCE CO. 



175 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$279,247 16 



$200,000 00 
79,247 16 



Total liabilities, $424,543 26 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$20,230,465 00 $204,552 89 
19,538,870 00 228,103 61 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$39,769,335 00 $432,656 50 
16,443,214 00 182,268 47 



,326,121 00 $250,388 03 
1,131,473 00 11,079 75 



. $22,194,648 00 $239,308 28 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



p6,152,763 00 

3,884,098 00 

101,104 00 

952,000 00 

16,000 00 

72,950 00 



Schedule A. 

Securities held as Collateral. 

Market Value. 

35 shares Nat'l Bank of Cohoes, N. Y., . . $6,125 00 

1 share Albany & Susquehanna R.R., . . 240 00 

50 shares Albany & Susquehanna R.R., . . 12,000 00 

100 " Morris & Essex R.R., . . . 9,600 00 



Loaned Thereon. 

$200 00 
100 00 

20,000 00 



Schedule B. 



$27,965 00 $20,300 00 



Stocks and Bonds owned by the Company. 



New York city bonds, .... 

Albany city bonds, 

150 shares First Nat'l Bank, Albany, N. Y., 
50 " Nat'l Bank of Cohoes, N. Y., . 
500 " Western Union Telegraph Co., 



Book Value. 

$54,250 00 

52,000 00 

15,000 00 

5,000 00 

45,000 00 



Market Value. 

$57,002 00 

52,000 00 

17,250 00 

8,750 00 

45,000 00 



$171,250 00 $180,002 00 



176 THE COMMERCIAL UNION FIRE INSURANCE CO. 



"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF 

NEW YORK," N. Y. 

[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.] 

Paid-up Capital, $200,000. 

A. H. WRAY, President. C. J. HOLM AX, Vice-President and Secretary. 

Income. 

Net fire premiums, * $227,396 88 

Interest on stocks and bonds, 8,928 97 

Total income, $236,325 85 

Ledger assets, Dec. 31, 1901 297,725 30 

Total, $534,051 15 

Disbursements. 

Net amount paid for fire losses $74,282 70 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 36,610 90 

Salaries, fees, etc., of officers and employees, . . . . 3,612 43 

Taxes and fees, 4,379 61 

Return premiums and reinsurance unpaid in 1901, . . . 6,015 31 

All other disbursements, 3,817 08 

Total disbursements $138,718 03 

Balance $395,333 12 

Ledger Assets. 

Stocks and bonds (schedule A) #319,220 00 

Cash in banks and office, 33,542 85 

Agents 1 debits (gross), 42,570 27 

Total ledger assets, $395,333 12 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 1,113 75 

Market value of stocks and bonds over book value, . . 1,821 50 

Gross assets, $398,268 37 

Assets not admitted. 

Agents 1 debits over three months due, 3,787 13 

Total admitted assets, $394,481 24 

* Including $44,961.99 collected of previous years' premiums. 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



177 



Liabilities. 
Unpaid losses, including $3,500 resisted, f 37,790 ; less rein- 

surance, $14,125, . $23,665 00 

Unearned premiums on outstanding risks, $106,951.83 ; plus 

same on disallowed reinsurance, $102.90, .... 107,054 73 

Commissions and other charges due agents and brokers, . 10,040 94 

Due for return premiums, 150 29 

Reserved for contingencies, 3,000 00 

All liabilities, except capital and surplus, . . . $143,910 96 

Surplus to policy holders, $250,570 28 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 50,570 28 

Total liabilities, $394,481 24 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, . . 
Amount reinsured, .... 

Net amount in force, . 



. $25,275,090 00 
. 28,657,986 00 

.$53,933,076 00 
. 26,416,180 00 

. $27,516,896 00 
. 10,020,834 00 



Premiums. 

$260,897 03 
331,015 74 



,912 77 
279,253 26 

$312,659 51 
105,114 66 



$17,496,062 00 $207,544 85 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$855,672 00 

469,929 00 

78,858 00 

69,000 00 

10,000 00 

7,500 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $23,241 25 $27,150 00 

New York city armory bonds, .... 203,200 00 198,000 00 

New York city water loan, . . . 13,715 00 13,390 00 

Atch , Topeka & Santa Fe R.R. bonds, . . 10,161 25 10,225 00 

Southern R'y Co. bonds, 8,650 00 9,760 00 

Michigan Lake Superior Power Co. bonds, . 9,250 00 9,000 00 

Western Union Telegraph Co. bonds, . . 10,450 00 10,387 50 

Chicago, Milwaukee & St. Paul stock, . . 16,112 50 19,400 00 



178 



THE COMMONWEALTH INSURANCE CO. 



Southern Railway Co. stock, 

Pittsburg Coal Co. stock, . 

Second Avenue R.R. Co., N. Y., stock, 



Book Value. 

$9,312 50 
9,187 50 
5,940 00 



Market Value. 

$9,250 00 
8,687 50 
5,791 60 



$319,220 00 $321,041 50 



"THE COMMONWEALTH INSURANCE COMPANY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated Aug. 23, 1S86. Commenced business Sept. 15, 1886.] 
Paid-up Capital, $500,000. 
( CHARLES S. BARTOW, President. E. J. PERRIN, Secretary pro tern. 

Income. 

Net fire premiums, * $345,641 28 

Interest on mortgage loans, $6,826.50; stocks and bonds, 



$32,818.31, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1901, . 



Total, 



Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Taxes and fees, 

Return premiums and reinsurance unpaid in 1901, 
All other disbursements, . . . . 

Total disbursements, 

Balance, 



Ledger Assets. 

Mortgages,! 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on mortgages, . 

Gross assets, 



39,644 81 
10,415 00 

$395,701 09 
978,377 06 

$1,374,078 15 



$106,112 97 

30,000 CO 

47,717 82 

26,391 68 

3,184 00 

9,617 25 

1,204 07 

8,819 70 

$233,047 49 

$1,141,030 66 



$163,000 00 

913,848 57 

22,435 88 

41,746 21 

$1,141,030 66 

1,762 91 
$1,142,793 57 



* Including $37,323.55 collected of previous years' premiums. 

t Value of land, 8132,000; buildings, $126,500; insurance thereon, $140,500. 



THE COMMONWEALTH INSURANCE CO. 



179 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, $ 186,068. 48; plus 

same on disallowed reinsurance, $110.18, . 
Salaries and other miscellaneous expenses due or accrued, 
Commissions and other charges due agents and brokers, 

Due for return premiums, 

Reserved for contingencies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$849,078 01 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. 829,847,000 00 

. 36,515,537 00 

. $66,362,537 00 

. 32,112,669 00 

. $34,249,868 00 

997,504 00 



122,817 27 

186,178 66 

3,500 00 

6,235 33 

1,329 07 

73,655 23 

$293,715 56 

500,000 00 
349,078 01 

$1,142,793 57 



Premiums. 

$286,056 69 
366,387 38 

1652,444 07 
293,030 94 

$359,413 13 
6,065 82 



.$33,252,364 00 $353,347 31 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$3,275,844 00 

1,812,266 00 

116,233 00 

351,000 00 

30,000 00 

236,500 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

175 shares American Surety Co., . . . $17,884 37 $14,875 00 

120 " American Sugar Refining Co., . 12,115 00 12,120 00 

200 " American Telegraph & Cable Co., 18,025 00 18,025 00 

415 " American Tel. & Telegraph Co., . 60,170 00 60,175 00 

1,000 " Brooklyn City Railroad Co., . 18,72,5 00 18,725 00 

100 " Chicago, Mil ."& St. Paul R'y Co., 15,175 00 15,175 00 

500 " Chicago & Northwestern R'y Co., 90,371 88 90,375 00 

100 » Ch., St. P'l, Minn. & Om. R'y Co., 10,162 50 10,162 50 

600 " Consolidated Gas Co., N. Y., . 126,362 50 126,000 00 

100 " Delaware & Hudson Canal Co., . 12,100 00 12,100 00 



180 



THE CONCORDIA FIRE INSURANCE CO. 



200 shares Del., Lack. & Western R.R. Co., 
100 " Erie Railroad Company, 
200 " The Great Northern R'y Co., . 
70 " Hocking Valley R'y Co., 
50 " Kan. C'y, St. Lo. & Chic. R.R. Co., 
100 " The Manhattan R'y Co., . 
100 " N. Y. Cent. & Hudson R. R.R. Co., 
200 " N. Y., N. H. & Hart. R.R. Co., 

200 " The Pullman Co 

100 " Rome, Watert'n & Og. R.R. Co., 
13 " Bank of America, . 
25 " Central National Bank, . 
70 " Corn Exchange Bank, 
50 " German-American Bank, 
17 " The Manhattan Co., 
50 " Merchants' National Bank, 
25 " National Bank of Commerce, 
50 " The National Park Bank, 
50 " N. Y. Produce Exchange Bank, 
United States bonds, .... 
New York city bonds, 
Missouri, Kan. & Texas R'y Co. bonds, 



Book Value. 

$15,387 50 

6,425 00 

37,925 00 

7,512 50 

6,818 75 

14,612 50 

15,000 00 

40,400 00 

37,587 50 

11,087 50 

3,401 25 

3,632 50 

21,000 00 

4,537 50 

1,672 32 

3,625 00 

4,500 00 

13,700 00 

5,550 00 

5,412 50 

264,270 00 

8,700 00 



Market Value. 

$15,387 50 

6,425 00 

37,925 00 

6,685 00 

6,818 75 

14,612 50 

15,000 00 

40,400 00 

37,600 00 

11,087 50 

3,406 00 

3,632 50 

21,000 00 

4,537 50 

1,672 32 

3,625 00 

4,500 00 

24,101 50 

5,550 00 

5,400 00 

256,950 00 

9,800 00 



8913,848 57 $913,848 57 



"THE CONCORDIA FIRE INSURANCE COMPANY OF 
MILWAUKEE," MILWAUKEE, WIS. 

[Incorporated March 7, 1870. Commenced business March 22, 1870.] 

Paid-up Capital, $200,000. 

GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary. 

Income. 

Net fire premiums, * $769,396 13 

Interest on mortgage loans, $20,350.98 , bonds, $16,068.50, . 36,419 48 
Rents, 1,392 40 

Total income, $807,208 01 

Ledger assets, Dec. 31, 1901, 807,521 60 

Total, $1,614,729 61 

Disbursements. 

Net amount paid fer fire losses, $329,124 99 

Commissions or brokerage, . . . . . . 181,513 08 

Salaries, fees, etc., of officers and employees, .... 32,111 72 

Rents, 2,370 00 



* Including $117,537.87 collected of previous years' premiums. 



THE CONCORDIA FIRE INSURANCE CO. 



181 



Repairs and expenses on real estate, .... 
Real estate taxes, $883.83 ; other taxes and fees, f 26,239. 35, 
Loss on sale or maturity of ledger assets, 
All other disbursements, . 

Total disbursements, 

Balance, 



$649 70 
27,123 18 

4,702 44 
43,343 49 

|620,938 60 

|993,791 01 



Ledger Assets. 

Real estate, $18,476.90; mortgages,* $433,580, 

Bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Bills receivable, not matured, .... 

Total ledger assets, 



$452,056 90 

342,375 04 

76,922 21 

121,365 65 

1,071 21 

$993,791 01 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $3,686.76 ; bonds, $6,459.60, . 
Market value of real estate over book value, . 
All other, 



Gross assets, 



10,146 36 

523 10 

3,478 23 



. $1,007,938 70 



Assets not admitted. 

Agents 1 debits over three months due, . . $1,032 29 

Special deposits, 25,180 00 

Depreciation in book value of bonds, . . 9,974 75 

Total unadmitted assets, .... ; 36,187 04 

Total admitted assets, $971,751 66 

Liabilities. 
Unpaid losses, including $4,250 resisted, $66,540.81; less 

reinsurance, $13,522.13, $53,018 68 

Unearned premiums on outstanding risks, $572,327.04; plus 

same on disallowed reinsurance, $799.34, .... 573,126 38 
Commissions and other charges due agents and brokers, . 24,901 78 
Due for reinsurance, 17,187 85 

All liabilities, except capital and surplus, . . . $668,234 69 
Surplus to policy holders, .... $303,516 97 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 103,516 97 

Total liabilities, $971,751 66 



* Value of land, $633,100; buildings, 8643,600; Insurance thereon, $372,350. 



182 



CONNECTICUT FIRE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$120,859,082 00 $1,328,657 43 
. 76,758,016 00 955,874 33 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$197,617,098 00 $2,284,531 76 
. 78,021,322 00 913,807 37 



$119,595,776 00 $1,370,724 39 
. 19,999,331 00 255,493 70 



.$99,596,445 00 $1,115,230 69 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 

Schedule A. 
Bonds owned by the Company. 

Book Value. 

$25,625 00 

44,000 00 

15,600 00 

25,937 50 

42,779 50 

31,125 00 

3,000 00 

9,450 00 

11,296 40 

13,651 25 

23,147 50 

27,375 00 

55,636 25 

13,751 64 



Chicago, 111., bonds, . 
Cincinnati bonds, 
Washington Co., 111., bonds, 
Lincoln, Neb., bonds, 
State of Montana bonds, . 
Fond du Lac, Wis., bonds, 
Sparta, Wis., bonds, . 
Dubuque, Iowa, bonds, 
Whiting, Ind., bonds, 
Lawrence County, 111., bonds, 
Spokane, Wash., bonds, . 
New York city bonds, 
Milwaukee, Wis., bonds, . 
Westport, Mo., bonds, 



$8,735,458 00 

4,462,166 00 

319,698 00 

327,667 00 

108,900 00 



Market Value. 

$25,180 00 
42,540 00 
15,281 00 
25,230 00 
40,928 00 
30,201 00 
3,000 00 
9,000 00 
10,766 00 
13,273 75 
22,144 00 
27,240 00 
54,400 40 
13,216 14 



$342,375 04 $332,400 29 



"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1S50.] 

Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 

Income. 

Net fire premiums, * 63,009,669 98 

Interest on mortgage loans, $62,066.26; stocks and bonds, 

$99,928.56; allother, $3,078.99, 165,073 81 



* Including $244,917.43 collected of previous years' premiums. 



CONNECTICUT FIRE INSURANCE CO. 



183 



Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, 



Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $4,294.95 ; other taxes and fees, f 85,6 15. 83 

Depreciation of real estate, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Real estate, $146,950; mortgages,* $1,345,950 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, 

Total ledger assets, . 



Non-Ledger Assets. 

Market value of stocks and bonds over book value, 
All other, 

Gross assets, 



|5,874 50 

8,946 91 

$3,189,565 20 
4,077,891 75 

f7,267,456 95 



$1,411,630 65 

100,000 00 

519,811 91 

174,435 43 

10,607 54 

2,077 80 

89,910 78 

4,714 26 

137,744 77 

$2,450,933 14 

$4,816,523 81 



$1,492,900 00 

2,557,354 08 

282,165 92 

472,806 62 

11,297 19 

$4,816,523 81 



163,244 92 
17,707 15 

14,997,475 88 



Assets not admitted. 
Agents' debits over three months due, . . $8,113 11 



Bills receivable, past due, 

Special deposits less $83,403 liability thereon, 

Total unadmitted assets, . 

i 

Total admitted assets, 



6,842 31 
84,737 00 



% Liabilities. 

Unpaid losses, including $29,300.48 resisted, $244,682.84; 

less reinsurance, $21,113.22, 

Unearned premiums on outstanding risks, $2,317,064.08 ; plus 

same on disallowed reinsurance, $11,164.13, 



99,692 42 
$4,897,783 46 

$223,569 62 
2,328,228 21 



* Value of land, $1,751,475; buildings, $2,076,575; insurance thereon, $1,466,150. 



184 



CONNECTICUT FIRE INSURANCE CO. 



Salaries and other miscellaneous expenses due or accrued, . $57,289 34 
Commissions and other charges due agents and brokers, . 102,407 74 
Due for return premiums, $52,574.40 ; reinsurance, $32,365. 39, 84,939 79 



All liabilities, except capital and surplus, . . . $2,796,434 70 
Surplus to policy holders, .... $2,101,348 76 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,101,348 76 

Total liabilities $4,897,783 46 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$346,633,763 00 $4,071,806 67 
. 252,400,312 00 3,280,204 06 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$599,034,075 00 $7,352,010 73 
216,552,467 00 2,673,889 19 



$382,481,608 00 $4,678,121 54 
. 19,280,848 00 253,365 75 



$363,200,760 00 $4,424,755 79 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, . . . . 



$34,434,458 00 

19,258,261 00 

1,373,411 00 

3,705,000 00 

100,000 00 

25,400 00 



Schedule A. 

Stocks and Bonds owned by the 



Dominion of Canada bonds, 
State of Georgia bonds, . 
Territory of Arizona bonds, 
City of Astoria, Ore., bonds, . 
City of Cleveland, Ohio, bonds, 
City of Columbus, Ohio, bonds, 
City of Dallas, Texas, bonds, . 
City of Duluth, Minn., bonds, . 
City of Fargo, N. D., bonds, 
City of Helena, Mont., bonds, . 
City of New Britain, Conn., bonds, 
City of Pawtucket, R. I., bonds, 
City of Portland, Ore., bonds, . 
City of Richmond, Va., bonds, . 
City of Salem, Ore., bonds, 



Company. 

Book Value. 

$102,564 06 
26,625 00 
79,525 00 
18,115 00 
52,750 00 
35,424 60 
12,360 00 
46,925 00 
16,378 75 
21,400 00 
25,625 00 
30,525 00 
57,625 00 
50,000 00 
12,017 50 



Market Value. 

$100,000 00 
28,500 00 
82,000 00 
18,500 00 
52,750 00 
35,360 00 
13,200 00 
46,925 00 
15,720 00 
21,600 00 
25,625 00 
32,400 00 
59,000 00 
52,500 00 
11,880 00 



CONNECTICUT FIRE INSURANCE CO. 



185 



•City of Salt Lake, Utah, bonds, 

City of San Diego, Cal., bonds, 

City of Seattle, Wash., bonds, . 

City of Urbana, Ohio, bonds, . 

Hennepin Co. and Minn. City, Minn., bonds, 

Wayne County, Mich., bonds, . 

E. Hartford, Conn., Fire District bonds, . 

High School District, Stockton, Cal., bonds, 

Mankato School District, Minn., bonds, . 

School Dist. No. 24, Marion Co., Ore., bonds, 

South School District, Hartford, Conn., bonds 

Atlantic & Danville R.R. bonds, 

Black Rocks & Salisbury Beach St. R.R. bonds 

Broadway & Seventh Avenue R.R. bonds, 

Chicago, St. Louis & New Orleans R.R. bonds 

Chicago & Northwestern R.R. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Cin., Dayton & Ironton R.R. bonds, . 

Cin., Hamilton & Dayton R.R. bonds, 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Cleveland Electric R.R. bonds, 

Cleveland & Mahoning Valley R.R. bonds, 

Dayton & Michigan R.R. bonds, 

Detroit R.R. bonds, 

Fitchburg R.R. bonds, .... 

Harlem River & Port Chester R.R. bonds, 

Illinois Central R.R. bonds, 

Lehigh Valley R.R. bonds, 

Lynn & Boston R.R. bonds, 

Minneapolis & St. Louis R.R. bonds, 

Norfolk & Western R.R. bonds, 

North Chicago Street R.R. bonds, . 

N. Pacific & Great Northern R.R. bonds, . 

N. Y. Cent. & Hud. R. (L. Shore) R.R. bonds 

N. Y., Lackawanna & Western R.R. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Penn. & New York Canal R.R. bonds, 

Port Reading R.R. bonds, .... 

Rutland Canadian R.R. bonds, . 

Southern Pacific R.R. bonds, 

St. Louis & San Francisco R.R. bonds, 

St. Louis Southern R.R. bonds, 

Toledo & Ohio Central R.R. bonds, . 

Utica, Clinton & Binghamton R.R. bonds, 

West Chicago Street R.R. bonds, 

West Chicago St. R.R. Tunnel Co. bonds, 

Adams Express Co. bonds, 

Chicago Edison Co. bonds, 



Book Value. 

$41,512 50 
32,831 25 
25,250 00 
15,900 00 
27,640 00 
25,750 00 
41,800 00 
33,262 50 
15,247 50 
14,121 25 
51,125 00 
23,625 00 

9,500 00 
20,207 94 
24,500 00 

5,326 25 
28,022 50 
14,325 00 

51.125 00 
9,000 00 

31,275 00 
11,000 00 
26,437 50 
54,862 50 
51,500 00 
39,800 00 
25,000 00 
25,312 50 
10,200 00 
47,687 50 
23,098 13 
10,350 00 
23,993 75 

50.126 25 
53,025 00 

183,197 50 

26,500 00 
10,200 00 

25,000 00 

41,616 25 

24,837 50 

26,250 00 

15,375 00 

12,400 00 

10,050 00 

10,175 00 

25,046 88 

26,625 00 



Market Value. 

$44,000 00 
32,700 00 
27,000 00 
15,000 00 
27,500 00 
26,000 00 
41,800 00 
33,000 00 
15,000 00 
14,040 00 
51,000 00 
23,750 00 
10,000 00 
20,200 00 
25,000 00 
5,400 00 
28,320 00 
16,500 00 
55,000 00 
10,000 00 
31,500 00 
12,500 00 
27,500 00 
54,500 00 
55,000 00 
40,000 00 
25,000 00 
27,250 00 
11,000 00 
50,000 00 
25,000 00 
10,400 00 
24,000 00 
49,250 00 
51,500 00 

209,150 00 
27,500 00 
10,800 00 
25,000 00 
42,000 00 
25,000 00 
26,000 00 
16,500 00 
12,400 00 
10,500 00 
10,100 00 
26,000 00 
26,500 00 



186 



CONTINENTAL INSURANCE CO. 



Hartford Electric Light Co. bonds, . 
New York Dock Co. bonds, 
People's Gas Lt. & Coke Co., Chicago, bonds, 
Swift Company, Chicago, bonds, 
Northwestern Telegraph Co. bonds, 
Western Union Telegraph Co. bonds, 
Traders' Safe & Trust Co., Chicago, bonds, 
150 shares Bald Eagle Valley R.R. Co., . 
150 " Chicago & Northwestern R.R. Co., 
200 " N. Y. Cent. & Hudson R. R.R. Co., 
300 " Pitts., Ft. Wayne & Chic. R.R. Co. 
200 " Empire & Bay States Teleg. Co., 
600 " Northwestern Telegraph Co., . 
412 " New York Dock Co., 
167 " First National Bank, Minneapolis, 
100 " Imp. & Traders' Nat'l Bank, N. Y. 

11 " Second National Bank, New Haven 
100 " iEtna National Bank, Hartford, 

93 " Charter Oak Nat'l Bank, Hartford 
125 " Far. & Mech. Nat'l Bank, Hartford 
185 " First National Bank, Hartford, 
300 " Hartford National Bank, Hartford 
412 " National Exchange Bank, Hartford 
150 " Phcenix National Bank, Hartford, 

45 " Conn. Tr. & Safe Dep. Co., Hartf d 



Book Value. 

$10,225 00 
38,540 00 
26,125 00 
25,500 00 
16,850 00 
52,937 50 
10,000 00 
15,000 00 
14,125 00 
24,154 25 
28,700 00 
14,800 00 
27,600 00 
17,716 00 
19,054 00 
16,800 00 

1,782 00 
12,500 00 
12,026 00 
26,442 50 
26,655 72 
45,645 75 
28,106 00 
22,246 50 

4,950 00 



Market Value. 

$10,300 00 
38,540 00 
26,250 00 
25,500 00 
15,600 00 
52,000 00 
10,000 00 
15,000 00 
31,500 00 
30,600 00 
57,000 00 
16,000 00 
36,000 00 
20,600 00 
30,060 00 
65,000 00 

2,090 00 
20,000 00 

8,370 00 
15,000 00 
23,125 00 
40,500 00 
25,544 00 
18,000 00 

9,000 00 



$2,557,354 08 $2,720,599 00 



" CONTINENTAL INSURANCE COMPANY,"' NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 
Paid-up Capital, $1,000,000. 

HENRY EVANS, President. 



J. E. LOPEZ, j SecretarieSm 

E. L. BALLARD, ' 



Home Office, 46 Cedar Street, New York City. 

Income. 

Net fire premiums, * $6,190,836 24 

Interest on mortgage loans, $2,859.79; stocks and bonds, 

$395,205.86; all other, $27,483.76, 425,549 41 



Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, . 

Total, 



70,070 57 
504,249 42 

. $7,190,705 64 
. 10,850,685 92 

$18,011,391 56 



* Including $*08,557.50 collected of previous years' premiums. 



CONTINENTAL INSURANCE CO. 



187 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, 

Cash paid for redemption of scrip, . 

Interest paid to scrip holders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $15,654.08; other taxes 

$131,120.68 

All other disbursements, . 

Total disbursements, . 

Balance, 



and 



fees 



$2,686,323 80 

250,000 00 

197 00 

7 02 

1,146,070 33 

358,396 11 

8,240 00 

32,789 47 

146,774 76 
262,223 99 

$4,891,022 48 

$13,150,869 08 



Ledger Assets.* 

Real estate, $1,105,000 ; mortgages,f $44,810, . 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, 

Total ledger assets, . 



$1,149,810 00 

9,825,602 12 

922,344 94 

850,666 67 

401,945 35 

$13,150,369 08 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $499.30 ; stocks and bonds, $65,828.50 ; other 

assets, $4,316.57, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 

All other, 

Gross assets^ 



70,644 37 

1,530 00 

183,917 88 

4,289 57 

$13,410,750 90 



Assets not admitted. 



Agents' debits over three months due, 
Bills receivable, past due, 
Special deposits less $83,524.88 liab. thereon, 
Total unadmitted assets, . 

Total admitted assets, 



$123,854 98 

324,765 20 

36,475 12 



485,095 30 
$12,925,655 60 



* The company holds also instalment premium notes to the amount of $1,530,342.20, 
which do not enter into or form any part of the assets of the company, as no portion of 
them is earned. Whatever value is attached to them would necessarily be counterbalanced 
by the addition of an amount exactly equal to the insurance liability, the entire sum con- 
sisting of " unearned premiums." 

t Value of land, $50,550; buildings, $57,450; insurance thereon, $55,200. 

t Including $600,000 special reserve held under New York laws. 



188 



CONTINENTAL INSURANCE CO. 



Liabilities. 

Unpaid losses, including $57,884 resisted, $441,384.73; less 

reinsurance, $19,584.95, $421,799 78 

Unearned premiums on outstanding risks, $5,320,070 . 68 ; plus 

same on disallowed reinsurance, $1,788.36, . . . . 5,321,859 04 

Unpaid scrip ordered to be redeemed, 28,138 00 

Interest due or accrued, 6,082 32 

Dividends due stockholders, 75 00 

Salaries and other miscellaneous expenses due or accrued, . 15,000 00 

Commissions and other charges due agents and brokers, . 134,054 09 

Due for reinsurance, 17,948 87 

Reserved for contingencies, 300,000 00 

All liabilities, except capital and surplus, . . . $6,244,957 10 
Surplus to policy holders, .... $6,680,698 50 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 5,680,698 50 



Total liabilities, 



$12,925,655 60 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$948,465,869 00 $9,355,272 27 
. 641,417,790 00 6,448,202 93 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,589,883,659 00 $15,803,47.5 20 
.582,263,808 00 5,381,245 25 



$1,007,619,851 00 810,422,229 95 
. 24,853,967 00 306,573 68 



$982,765,884 00 $10,115,656 27 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during; the vear, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (25 per cent.), 

Company's stock owned by directors, . 



891,152,836 00 

49,667,247 00 

2,700,654 00 

7,144,357 00 

250,000 00 

146,700 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Chicago & Alton R'yCo. bonds, . . . 815,000 00 $15,000 00 

Chicago & Northwestern Sinking Fund bonds, 41,000 00 41,000 00 

Columbia & Greenville R.R. bonds, . . 50,000 00 50,000 00 

Elmira, Cortland & Northern R.R. bonds, . 50,000 00 50,000 00 



CONTINENTAL INSURANCE CO. 



189 



Erie R'y Co. bonds, 

Louisville & Nashville R.R. bonds, . 

Metropolitan Street R'y Co. bonds, . 

N. Y. Gas, Electric Light, H. & P. Co. bonds, 

N. Y., New Haven & Hartford R.R. Co. bonds 

Panama R.R. Co. bonds, .... 

Portland, Ore., water bonds, 

Richmond, Va., bonds, .... 

New Mexico bonds, 

Georgia bonds, 

United States bonds, 

New York city bonds, .... 

Chicago, Rock Island & Pacific R.R. Co. bonds 

Pennsylvania R.R. Co. bonds, . 

Wabash R.R. Co. bonds, .... 

North. Pac. & Great North. C, B. & Q. bonds 

Milwaukee Gas Light Co. bonds, 

Western Maryland R.R. Co. bonds, . 

Atlantic Coast Line R.R. " Sub." bonds, . 
250 shares Am. Exchange National Bank, 
50 " Bank of America, 
1,200 " Mechanics' National Bank, . 
350 " Merchants' National Bank, . 
200 " Central Trust Co., 
750 " American Tel. & Tel. Co., . 
1,000 " Atlanta & Charlotte Air L. R.R 
1,300 " Baltimore & Ohio R.R. Co., 

17,000 " Brooklyn City R.R. Co., . 

500 " Buffalo, Roches. & Pitts. R'y Co 
2,500 " Chicago & Alton R'y Co., . 
1,000 " Chic. & East Illinois R.R. Co., 
1,000 " Chicago Great Western R'y Co 
3,000 " Chicago, Mil. & St. Paul R'y, 
2,500 " Chicago & Northwestern R'y, 
1,000 » Chic, St. P., Minn. & O. R'y Co 
500 " Cin., Hamilton & Dayt'n R'y Co 
1,000 " Cleve., C, C. & St. Lo. R'y Co., 
2,000 " Consolidated Gas Co., N. Y., 
500 " Delaware & Hudson Co., . 
3,200 " Great Northern R'y, . 
2,100 " Lake Sh. & Mich. South. R'y Co 

500 " Mahoning Coal R.R. Co., . 
1,000 " N. Y., Chic. & St. Lo. R'y Co., 
4,408 " N. Y. & Harlem R.R. Co., . 
1,000 " N. Y., N. H. & Hart. R.R. Co., 
7,500 " Pennsylvania R.R. Co., 
1,000 « Pitts., Ft. Wayne & C. R'y Co., 
1,000 " Pitts., C, C. & St. Lo. R'y Co., 



Book Value. 

$100,000 00 

50,000 00 

100,000 00 

90,000 00 

30,000 00 

89,000 00 

50,000 00 

50,000 00 

10,000 00 

25,000 00 

273,706 00 

600,000 00 

83,789 00 

100,296 87 

195,051 25 

95,290 00 

91,000 00 

91,500 00 

250,000 00 

43,750 00 

20,000 00 

52,500 00 

26,250 00 

200,000 00 

106,250 00 

120,000 00 

115,000 00 

376,346 00 

65,791 00 

187,500 00 

110,000 00 

88,628 00 

497,145 00 

475,000 00 

160,000 00 

50,000 00 

100,000 00 

410,896 00 

75,000 00 

528,000 00 

429,745 00 

50,000 00 

85,000 00 

837,520 00 

200,000 00 

468,750 00 

179,210 00 

100,000 00 



Market Value. 

f 100,000 00 

50,000 00 

100,000 00 

90,000 00 

30,000 00 

89,000 00 

50,000 00 

50,000 00 

10,000 00 

25,000 00 

200,000 00 

600,000 00 

85,000 00 

100,000 00 

187,500 00 

90,000 00 

90,000 00 

85,000 00 

250,000 00 

50,000 00 

20,000 00 

60,000 00 

26,250 00 

240,000 00 

112,500 00 

140,000 00 

112,000 00 

382,500 00 

60,000 00 

175,000 00 

120,000 00 

85,000 00 

525,000 00 

525,000 00 

175,000 00 

50,000 00 

105,000 00 

400,000 00 

75,000 00 

560,000 00 

472,500 00 

50,000 00 

85,000 00 

837,520 00 

200,000 00 

468,750 00 

175,000 00 

100,000 00 



190 



THE DELAWARE INSURANCE CO. 



4,200 shares Pitts., McKees. & Youg. R.R. Co., 
400 " Rome, Watert'n & Og. R.R. Co., 
500 " Second Ave. R.R. Co., . 

2,000 " Southern R'y Co.,. 

2,000 " United N. J. R.R. & Canal Co., 

1,000 " United States Express Co., . 



Book Value. 

8216,900 00 

36,998 00 

95,000 00 

160,000 00 

500,000 00 

127,790 00 



Market Value. 

$252,000 00 
48,000 00 
100,000 00 
160,000 00 
500,000 00 
125,000 00 



$9,825,602 12 $10,009,520 00 



" THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. C, 1835.] 

Paid-up Capital, $702,875. 

TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 

Income. 

Net fire premiums, * $ 839,325 59 

Deposit premiums on perpetual risks, 8,979 49 

Interest on mortgage loans, § 5,605. 42 ; collaterals, f 6,575. 42 

stocks and bonds, §38,703.63; all other, $ 1,460.63, . . 52,345 10 

Rents, including company's own occupancy, .... 9,633 33 

Profit on sale or maturity of ledger assets, .... 14,296 58 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



$924,580 09 
1,412,165 08 

12,336,745 17 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Rents, including company's own occupancy, .... 

Repairs and expenses on real estate, 

Real estate taxes, § 2,180.80 ; other taxes and fees, $19,604.54, 
All other disbursements, 



Total disbursements, . 
Balance, 



8392,467 50 

8,920 08 

179,576 97 

60,864 46 

7,979 64 

3,661 68 

21,785 34 

42,084 96 

. f717,340 63 

. $1,619,404 54 



Ledger Assets. 

Real estate, f 200,500 ; mortgages,! ? 116,700, • 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, 



8317,200 00 

225,000 00 

850,845 40 

60,820 40 



* Including $111,149.59 collected of previous years' premiums. 

f Value of land, $155,000; buildings, $75,000; insurance thereon, $79,500. 



THE DELAWARE INSURANCE CO. 



191 



Agents' debits (gross), 
Bills receivable, not matured, 
All other ledger assets, 

Total ledger assets, . 



$159,793 51 
2,791 66 
2,953 57 

$1,619,404 54 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $1,730.02; stocks and bonds, $ 11,859. 16 

other assets, $13.85, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 

All other, 



Gross assets, 



13,603 03 
341 67 

20,157 44 
801 60 

$1,654,308 28 



Assets not admitted. 



Special deposits, 

Total admitted assets, 



10,600 00 
. $1,643,708 28 



Liabilities. 

Unpaid losses, including $3,780 resisted, $62,435 ; less rein- 
surance, $7,115, 

Unearned premiums on outstanding risks, $624,574.72 ; plus 
same on disallowed reinsurance, $50, 

Reclaimable on perpetual fire policies, 

Dividends due stockholders, 

Commissions and other charges due agents and brokers, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $822,895 20 

Paid-up capital, 

Surplus over capital and general liabilities, .... 

Total liabilities, 



$55,320 00 

624,624 72 
113,222 97 

77 00 
27,568 39 

$820,813 08 

702,875 00 
120,020 20 

$1,643,708 28 



Risks and Premiums. 



Tire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$124,720,175 00 
. 83,264,905 00 

$207,985,080 00 
. 77,295,042 00 

$130,690,038 00 
. 17,246,376 00 



Premiums. 

$1,342,313 39 

1,017,223 22 

$2,359,536 61 

885,274 52 

$1,474,262 09 

211,680 92 



$113,443,662 00 $1,262,581 17 
Perpetual risks in force (not included above), $4,336,399 00 $125,652 96 



192 



THE DELAWARE INSURANCE CO, 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Company's stock owned by directors, . 



$35,386,421 00 

. 21,058,963 00 

397,187 00 

. 2,761,021 00 

69,650 00 



Schedule A. 
Securities held as Collateral. 



200 shares United Gas Improvement Co., 
500 " Union Traction Co., 
300 " Philadelphia Co., . 

1,000 " Philadelphia Electric Co., . 
300 " Pennsylvania R.R. Co., 
100 " American Railways Co., 
500 " Cambria Steel Co., 
400 " Lehigh Valley R.R. Co., 

Philadelphia Electric Trust certificates, . 

400 shares United States Steel Corporation, 

Erie Equipment Trust bonds, . • 

Kansas City Southern R'y Co. bonds, 

400 shares Lehigh Valley R'y Co., . 

"800 

200 

200 

800 

200 ' 

300 ' 

100 ' 



United States Steel Corporation, 
American Railways Co , . 
Philadelphia Electric Co., 
United States Steel Corporation, 
Philadelphia Co., 
Consolidated Lake Superior Co., 
Chicago & Alton R.R. Co., . 

Schedule B. 



Market Value. 

122,300 00 
23,310 00 
14,100 00 
8,250 00 
23,400 00 
5,150 00 
13,000 00 
15,200 00 
17,250 00 
14,400 00 
2,000 00^1 
3,450 00 
15,200 00 
33,700 00 
10,300 00 
1,650 00 J 
43,500 00 >| 
9,400 00 ■ 
9,150 00 
3,400 00 J 



Loaned Thereon. 

$50,000 00 

30,000 00 

20,000 00 
25,000 00 

\ 50,000 00 



} ■ 50,000 00 



8288,110 00 £225,000 00 



Stocks and Bonds owned by the Company. 



Georgia State bonds, .... 

Richmond, Va , city bonds, 

Newark, N. J., city bonds, 

Camden, N. J., city bonds, 

Allentown Terminal R'y Co. bonds,. 

Lehigh Valley R'y bonds, 

Penn. & N. Y. Canal & R.R. Co. bonds, . 

Delano Land Co. bonds, .... 

Mortgage Trust Co., Penn., bonds, . 

Wilmington & Northern R.R. bonds, 

St. Louis Merchants 1 Bridge Term. Co. bonds 

Phila., Wilm. & Bait. R.R. certificates, . 

People's Passenger R'y Co. bonds, . 



Book Value. 

§24,8 12 50 
35,855 00 
75,000 00 
30,702 00 
50,390 00 

126,977 34 
50,380 00 
30,543 75 
15,000 00 
26,068 75 
25,437 44 
29,400 CO 
29,439 33 



Market Value. 

825,562 50 
37,740 00 
76,500 00 
31,200 00 
50,500 00 

128,062 50 
48,500 00 
30,150 00 
1-2.650 00 
26,291 67 
27.^12 50 
31,800 00 
31,200 00 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



193 



United Traction Co. (Pittsburgh) bonds, 
Lynn & Boston R.R. Co. bonds, 
Allegheny Valley R.R. Co. bonds, . 
Johnson Steel Co. bonds, . 
Westinghouse Electric & Mfg. Co. bonds 
Connecticut R'y & Lighting Co. bonds, 
Reading R.R. Co. bonds, . 
Philadelphia Co. bonds, . 
American Railways bonds, 
Electric & People's Trust certificates 
New York Dock Co. bonds, 
Pennsylvania R.R. Co. stock, . 
New York Dock Co. stock, 
Philadelphia Bourse stock, 
Underwriters 1 Salvage Co. stock, 



Book Value. 

$19,900 00 
20,600 00 
51,575 00 
17,653 50 
20,412 50 
24,937 50 
38,033 33 
16,273 30 
15,266 66 
24,812 50 
11,000 00 
27,500 00 
11,000 00 
1,375 00 
500 00 



Market Value. 

$22,900 00 

23,116 67 

52,833 33 

17,510 00 

20,500 00 

23,937 50 

36,800 00 

15,587 00 

15,687 50 

24,250 00 

10,266 67 

42,900 00 

6,050 00 

195 00 

500 00 



$ 850,845 40 $871,002 84 



"THE DETROIT FIRE AND MARINE INSURANCE COMPANY/' 

DETROIT, MICH. 

[Incorporated Feb. 1, 18G6. Commenced business March 14, 1866.] 
Paid-up Capital, $500,000. 
WILLIAM A. MOORE, President. A. H. McDONELL, Secretary. 



Income. 

Net fire premiums, $384,075 . 70 ; marine, $76,759 . 82, . 
Interest on mortgage loans, $45,120.11 ; collaterals, $967.41 
bonds, $5,935.61 ; all other, $12,635.31, 

Rents, 

Profit on sale or maturity of ledger assets, 
From all other sources, 

Total income, 

Ledger assets, Dec. 31, 1901, . . . 



$460,835 52 

64,658 44 

10,681 78 

3,802 56 

5,812 10 

$545,790 40 
1,339,819 75 



Total, $1,885,610 15 



Disbursements. 

Net amount paid for fire losses, $131,560.61 ; marine, 

$44,525.25, 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $2,221.84; other taxes and fees, $19,982.57, 



$176,085 86 
50,000 00 
56,426 96 
29,646 67 
3,000 00 
4,095 47 
22,204 41 



* Including $56,576.23 collected of previous years' premiums. 



194 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Loss on sale or maturity of ledger assets, 

Return premiums and reinsurance unpaid in 1901, . 

All other disbursements, 



$13,393 33 
6,133 41 

15,879 77 



Total disbursements, $376,865 88 



Balance, $1,508,744 27 



Ledger Assets. 

Real estate, $349,675.42; mortgages,* $709,090.81, 

Loans secured by collateral (schedule A), 

Bonds (schedule B), . 

Cash in banks and office, . 

Agents' debits (gross), 

Bills receivable, not matured, 

All other ledger assets, 

Total ledger assets, . 



$1,058,766 23 

19,329 50 

302,830 50 

43,056 51 

81,571 55 

844 17 

2,345 81 

$1,508,744 27 



Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $15,579.73 ; stocks and bonds, $1,512.64 ; col- 
lateral loans, $163.88 ; other assets, $1,878.30, . 

Market value of bonds over book value, 

All other, 



Gross assets, 



19,134 55 
2,000 00 
1,950 04 

$1,531,828 86 



Assets not admitted. 
Agents 1 debits, over three months due, . . $10,277 04 



Excess of loan over market value, . 
Total unadmitted assets, . 

Total admitted assets, 



229 50 



10,506 54 
. $1,521,322 32 



Liabilities. 

Unpaid losses, including $6,457.86 resisted, .... $52,90884 
Unearned premiums on outstanding risks, $266,180.88; 

plus same on disallowed reinsurance, $3,705.07, . . . 269,885 95 

Dividends due stockholders, 12,500 00 

Commissions and other charges due agents and brokers, . 12,297 36 

Due for return premiums, $7,558.01 ; reinsurance, $2,342.18, 9,900 19 

All liabilities, except capital and surplus, . . . $357,492 34 
Surplus to policy holders, .... $1,163,829 98 

Paid-up capital 500,000 00 

Surplus over capital and general liabilities, .... 663,829 98 



Total liabilities, $1,521,322 32 



* Value of land, $900,208; buildings, $851,435; insurance thereon, $579,863. 






THE DETROIT FIRE AND MARINE INSURANCE CO. 



195 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 



In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

.$36,476,748 00 $371,478 44 
. 34,135,660 00 405,524 24 



870,612,408 00 $777,002 68 
26,016,291 00 280,819 98 



$44,596,117 00 $496,182 70 
3,399,897 00 38,289 12 



.$41,196,220 00 $457,893 58 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 



Total 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



1,817 00 $40,331 33 
6,531,934 00 84,863 05 



57,348,751 00 $125,194 38 
6,217,185 00 71,846 75 



,131,566 00 $53,347 63 
44,000 00 1,539 24 



$1,087,566 00 $51,808 39 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (12.5 per cent ), 
Company's stock owned by directors, .... 



58,316,410 00 

4,207,481 00 

144,662 00 

43,027 00 

1,128,500 00 

350,000 00 

62,500 00 

105,300 00 



Schedule A. 
Securities held as Collateral. 



Mortgage assigned, 

2 shares People's Savings Bank stock, . 
10 " National Lead Co. stock, . 
Phi Kappa Psi Fraternity, Ann Arbor, bonds, 

Wabash R.R. bonds, 

St. John's, Mich., bonds, .... 



Market Value. 

$2,000 00 

2,400 00 

900 00 

4,000 00 

11,700 00 
4,000 00 



Loaned Thereon. 

$800 00 

2,629 50 

400 00 

2,000 00 

10,000 00 

3,500 00 



$25,000 00 $19,329 50 



196 



DUTCHESS INSURANCE CO. 



Schedule B. 

Bonds owned by the Company. 



United States bonds, 

Pioneer Steamship Co. bonds, . 
American Steamship Co. bonds, 
Yosemite Steamship Co. bonds, 
School District, Springwells, Mich., bonds, 

Detroit city bonds, 

Adams Transportation Co. bonds, . 
Stewart Transportation Co. bonds, . 



Book Value. 

|52,260 00 

10,000 00 
10,000 00 
10,000 00 
6,000 00 
194,580 50 
10,000 00 
10,000 00 



Market Value. 

$54,250 00 

10,000 00 

10,000 00 

10,000 00 

6,000 00 

194,580 50 
10,000 00 
10,000 00 



$302,830 50 |304,830 50 



" DUTCHESS INSURANCE COMPANY," POUGHKEEPSIE, N. Y. 

[Incorporated April 12, 1836. Commenced business April 12, 1836.] 

Paid-up Capital, $200,000. 

L. H. VAIL, President. J. J. GRAHAM, Secretary. 

Income. 

Net fire premiums, * $547,399 16 

Interest on mortgage loans, f 1,660.31 ; collaterals, $768.49 ; 

stocks and bonds, $18,086.90; all other, $6.78, . . . 20,522 48 
Rents, including company's own occupancy, .... 1,062 00 

Profit on sale or maturity of ledger assets, .... 13,982 28 



Total income, $582,965 92 

Ledger assets, Dec. 31, 1901, 556,208 06 



Total, $1,139,173 98 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $192.43 ; other taxes and fees, $8,795 

Return premiums and reinsurance unpaid in 1901, 

All other disbursements, 



Total disbursements, 



Balance, 



45, 



$244,093 07 

12,000 00 

122,052 40 

19,784 42 

720 00 

15 45 

8,987 88 

8,202 02 

12,171 50 

$428,026 74 

$711,147 24 



* Including $49,8S4.51 collected of previous years' premiums. 



DUTCHESS INSURANCE CO. 



197 



Ledger Assets. 

Real estate, $16,900; mortgages,* $21,000, 

Loans secured by collateral (10 shares bank stock, $1,800), 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $289.61 ; stocks and bonds, $2,467.44, . 

Rents due on company's property, 

Market value of real estate over book value, . 

Market value of stocks and bonds over book value, 

All other, 



Gross assets, 

Assets not admitted. 
Agents' debits over three months due, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $1,000 resisted, $38,098.68; less 
reinsurance, $1,797.60, 

Unearned premiums on outstanding risks, $372,947.27 ; plus 
same on disallowed reinsurance, $10, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $8,582. 16 ; reinsurance, $3,955.35, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$306,187 51 



Total liabilities, . 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



$37,900 00 
1,000 00 

513,689 73 
92,858 07 
65,699 44 

$711,147 24 



2,757 05 

570 00 

2,100 00 

25,355 27 

3,186 63 

$745,116 19 



310 19 

$744,806 00 



$36,301 08 

372,957 27 
16,822 63 
12,537 51 

$438,618 49 

200,000 00 
106,187 51 

$744,806 00 



Risks and Premiums. 

Premiums. 

.$58,773,572 00 $607,614 78 
. 48,602,409 00 603,863 33 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$107,375,981 00 $1,211,478 11 
. 42,215,807 00 468,549 08 



.$65,160,174 00 $742,929 03 
. 2,813,685 00 35,665 35 



.$62,346,489 00 $707,263 68 



* Value of land, $27,650; buildings, $19,200; insurance thereon, $16,350. 



198 



DUTCHESS INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$5,988,235 00 

3,882,693 00 

239,838 00 

24,000 00 

12,000 00 

74,600 CO 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Buffalo city bonds, $21,375 00 $21,375 00 

Long Island city bonds, 5,700 00 5,800 00 

New York city bonds, 100,602 48 100,680 00 

Poughkeepsie city bonds 62,168 50 62,200 00 

Central of Georgia R'y Co. bonds, . . . 11,040 00 12,840 00 

Iowa Central R'y Co. bonds, . . . . 11,450 00 11,600 00 

Kanawha & Michigan R'y Co. bonds, . . 4,500 00 4,900 00 

Lake Erie & Western R.R. Co. bonds, . . 11,562 50 11,900 00 

Leavenworth Terminal R'y & Bridge Co. b*ds, 5,250 00 5,350 00 

Northern Pacific-Great Northern Joint bonds, . 9,605 00 9,600 00 

Read. Co. & Phila. & Read. C. & I. Co. bonds, 8,812 50 9,750 00 

St. Lo., Iron Mt. & Southern R'y Co. bonds, . 11,012 50 11,400 00 

Southern Pacific Co. bonds, .... 8,300 00 9,200 00 

Tennessee Coal, Iron & R.R. Co. bonds, . . 5,000 00 5,100 00 

Union Pacific R R. Co bonds 10,737 50 10,600 00 

Brooklyn Union Gas Co. bonds, . . . 5,712 50 5,850 00 

Chicago Gas Light & Coke Co. bonds, . . 10,900 00 11,000 00 

Poughkeepsie Elec. Light & Power Co. bonds, 10,500 00 10,600 00 

United Traction & Electric Co. bonds, . . 5,850 00 5,650 00 

100 shares CI., Cin., Chic. & St. Lo. R'y Co., . 9,787 50 9,700 00 

400 " N. Y. Central & H. R. R.R* Co., . 52,373 75 60,800 00 

200 " Union Pacific R.R. Co , . . . 16,325 00 18,600 00 

100 " Southern R'y Co 9,162 50 9,200 00 

5 " Fallkill Nat'l Bank, Poughkeepsie, 650 00 750 00 

60 " Farmers and Manuf. Nat'l Bank, . 9,600 00 10,800 00 

10 " Merchants' Nafl B'k, Poughkeepsie, 1,450 00 1,500 00 

100 " American Telegraph & Cable Co., . 9,000 00 9,000 00 

300 " Consolidated Gas Co., N. Y., . . 56,512 50 65,100 00 

200 " Metropolitan St. R'y Co., N. Y., . 28,750 00 28,200 00 



$513,689 73 $539,045 00 



EMPIRE CITY FIRE INSURANCE CO. 199 



"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated October, 1850. Commenced business Oct. 5, 1850.] 

Paid-up Capital, $200,000. 

LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary. 

Income. 

Net fire premiums, f 184,170 78 

Interest on mortgage loans, $275 ; stocks and bonds, $6,028 . 90 ; 

allother, $563.60, 6,867 50 

Total income, $191,038 28 

Ledger assets, Dec. 31, 1901, 306,250 59 

Total, $497,288 87 

Disbursements. 

Net amount paid for fire losses, $99,609 45 

Interest and dividends to stockholders, 6,000 00 

Commissions or brokerage, 61,440 50 

Salaries, fees, etc., of officers and employees, . . . . 11,082 50 

Rents, 3,500 00 

Taxes and fees 1,521 24 

All other disbursements, 3,401 02 

Total disbursements, . . $186,554 71 

Balance, $310,734 16 

Ledger Assets. 

Mortgages,* $5,500 00 

Stocks and bonds (schedule A), 268,955 00 

Cash in banks and office, 33,073 14 

Agents' debits (gross), 3,206 02 

Total ledger assets, $310,734 16 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, . . 14,045 00 

Gross assets, $324,779 16 

Liabilities. 

Unpaid losses, $27,388; less reinsurance, $1,453, . . . $25,935 00 

Unearned premiums on outstanding risks, .... 89,091 35 

Commissions and other charges due agents and brokers, . 480 90 

All liabilities, except capital and surplus, . . . $115,507 25 
* Value of land, $10,000; buildings, $5,000; insurance thereon, $5,000. 



200 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$209,271 91 



$200,000 00 
9,271 91 



Total liabilities $324,779 16 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$16,765,030 00 
. 18,160,952 00 

. §34,925,982 00 
. 18,327,045 00 

.$16,598,937 00 
. 3,266,968 00 



Premiums. 

8196,014 93 
218,286 69 

$414,301 62 
203,879 21 

$210,422 41 
40,825 64 



.$13,331,969 00 $169,596 77 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

United States bonds, $209,437 50 

New York city bonds 40,000 00 

Lake Shore & Michigan Southern R'y bonds, . 10,280 00 

American Exchange National Bank stock, . 8,737 50 

Underwriters' Salvage Co. stock, . . . 500 00 



84,226,184 00 

1,983,483 00 

103,307 00 

933,000 00 

6,000 00 

82,200 00 



Market Value. 

$218,000 00 

40,000 00 

10,500 00 

14,000 00 

500 00 



$268,955 00 $283,000 00 



"ENTERPRISE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated June 2, 1S74. Commenced business July 14, 1S74.] 
THEODORE P. BOGERT, Secretary. 

Income. 

Net premiums, * $187,305 19 

Interest on stocks and bonds, $7,960.50; all other, $550.48, . 8,510 98 

Total income, § 195,816 17 

Ledger assets, Dec. 31, 1901, 207,223 69 

Total, $403,039 86 

* Including $4,088.32 collected of previous years' premiums. 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



201 



Disbursements. 

Net amount paid for losses, . 

Profits on terminated policies, .... 

Salaries, fees, etc., of officers and employees, . 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Loans secured by collateral (Town of Barrington note), 

Stocks and bonds (schedule A), 

Cash in banks, 

Agents 1 debits (gross), 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 



Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, 



All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



$19,437 05 

148,061 93 

4,424 58 

3,498 13 

987 50 

4,217 94 

$180,627 13 

$222,412 73 



$5,000 00 

200,541 00 

14,051 75 

2,819 98 

$222,412 73 



2,212 42 
12,979 00 

$237,604 15 



$713 64 

90,866 29 

2,811 32 

$94,391 25 
143,212 90 

$237,604 15 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $20,276,259 00 $166,120 82 $830,604 10 

Risks written during 1902, . 23,548,733 00 191,79118 958,955 90 



Total, $43,824,992 00 $357,912 00 $1,789,560 00 

Risks expired and terminated, . 21,878,652 00 176,179 43 880,897 15 



In force at end of year, . .$21,946,340 00 $181,732 57 $908,662 85 

$19,822 00 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 88.5 per cent. 



202 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the 



Rhode Island State bonds, 
Providence city bonds, . 

Boston city bonds, 

117 shares Providence & Worcester R.R., 
127 ' 

63 ' 
130 ' 
100 ' 

40 
100 
100 
100 



Old Colony R.R 

N. Y , N. H. & Hartford R.R., 
Morris & Essex R.R., 
Cleveland & Pittsburg R.R., . 
Illinois Central R.R., 
Chicago Great Western K.R., . 
Pitts., Bessemer & Lake Erie R.R., 
West End Street R.R., 



Company. 

Book Value. 

§ 48,000 00 

16,500 00 

20,000 00 

29,835 00 

23,495 00 

11,466 00 

11,395 00 

9,550 00 

4,200 00 

9,000 00 

7,700 00 

9,400 00 



Market Value. 

$48,000 00 

16,875 00 

20,800 00 

35,100 00 

26,289 00 

13,986 00 

12,620 00 

9,550 00 

4,200 00 

9,000 00 

7,700 00 

9,400 00 



$200,541 00 |213,520 00 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary. 

Income. 

Net fire premiums, § 740,315. 57; marine, §22,763. 31, . . $763,078 88 
Interest on mortgage loans, $7,944.18; collaterals, § 4, 125. 84 ; 

stocks and bonds, §22,366.05, 34,436 07 

Rents, including company's own occupancy, .... 8,175 50 

Profit on sale or maturity of ledger assets, .... 1,000 00 

From all other sources, 13 55 

Total income, §806,704 00 

Ledger assets, Dec. 31, 1901, 927,198 68 



Total §1,733,902 68 



Disbursements. 
Net amount paid for fire losses, §339,595.42; marine, 

$9,485.68, 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 



§349,081 10 

28,000 00 

155,751 84 

43,482 71 

3,000 00 

3,583 98 



EQUITABLE FIRE AND MARINE INSURANCE CO. 203 

Real estate taxes, f 1,915.20 ; other taxes and fees, $20,258 . 42, $22,173 62 

Loss on sale or maturity of ledger assets, .... 4,000 00 

Items charged off, . 11,328 62 

All other disbursements, 39,854 67 



Total disbursements, $660,256 54 



Balance, $1,073,646 14 



Ledger Assets. 

Real estate, $120,000 ; mortgages,* $149,850, . 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 debits (gross), 

Bills receivable, not matured, . 



$269,850 00 

115,000 00 

507,250 00 

50,064 44 

130,701 65 

780 05 



Total ledger assets, $1,073,646 14 

Non-Ledger Assets. 

Rents accrued on company's property, 965 00 

Market value of stocks and bonds over book value, . . 98,630 00 



. Gross assets,f $1,173,241 14 

Assets not admitted. 
Agents 1 debits over three months due, 1,466 85 



Total admitted assets, $1,171,774 29 

Liabilities. 

Unpaid losses, including $9,019 resisted, .... $84,105 00 
Unearned premiums on outstanding risks, $516,148.18 ; plus 

same on disallowed reinsurance, $3,862.02, . . . . 520,010 20 

Salaries and other miscellaneous expenses, due or accrued, . 3,500 00 

Commissions and other charges due agents and brokers, . 13,736 79 

Due for return premiums, $3,500 ; reinsurance, $500, . . 4,000 00 



All liabilities, except capital and surplus, . . . $625,351 99 
Surplus to policy holders, .... $546,422 30 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 146,422 30 

Total liabilities, * . . . $1,171,774 29 

* Value of land, $166,300; buildings, $296,500; insurance thereon, $232,050. 
t Including $70,000 special reserve held under Rhode Island laws. 



204 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 



. $69,288,334 00 
. 66,285,353 00 



Premiums. 

$791,764 75 
886,703 36 



$135,573,687 00 $1,678,468 11 
. 54,865,770 00 670,635 31 



.$80,707,917 00 $1,007,832 80 
. 3,348,159 00 37,706 21 



.$77,359,758 00 $970,126 59 



$153,711 00 
1,358,216 00 

$1,511,927 00 
1,255,825 00 

$256,102 00 
3,500 00 



$10,636 76 
23,405 37 

$34,042 13 
18,820 82 

$15,221 31 
127 50 



$252,602 00 $15,093 81 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 
Securities held as Collateral. 

Market Value. 

Rhode Island & Suburban R'y Co. bonds, . $34,920 00 

500 shares Nat'l Bank of North America, . 27,500 00 

50 " Narragansett Electric Light Co., . 5,050 00- 

25 " Providence Gas Co., . . . 2,875 00 

100 " Cleveland Elec. Illuminating Co., . 12,000 00. 

75 " N. Y. Cen. & Hudson R. R.R. Co., . 11,325 00 

Detroit United R'y bonds, .... 11,700 00 

Rhode Island & Suburban R'y Co. bonds, . 24,250 00 

St. Joseph R'y Light, Heat & Power Co. bonds, 12,120 00 



$8,319,671 00 

4,990,036 00 

366,806 00 

10,674 00 

725,500 00 

28,000 00 

79,400 00 



Loaned Thereon. 

$50,000 00 
15,000 00 

20,000 00 

20,000 00 
10,000 00 



Schedule B. 
Slock and Bonds owned by the Company. 

Book Value. 

City of Boston bonds, $25,000 00 

Milwaukee City R.R. Co. bonds, . . . 5,000 00 



$141,740 00 $115,000 00 



Market Value. 

$27,000 00 
5,375 00 



THE FARMERS FIRE INSURANCE CO. 



205 



N. Y. Central & Hudson River R.R. bonds, 

Lehigh Valley Terminal Co. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Bridgeport Traction Co. bonds, 

United Traction & Electric Co. bonds, 

Lynn & Boston R.R. Co. bonds, 

Columbus, Ohio, Street R.R. Co. bonds, . 

Milwaukee Electric R'y & Light Co. bonds, 

Pawtucket Electric Co. bonds, . 

Metrop'tan Water Works Co., Kan. City, b'ds 

Rhode Island & Suburban R'y Co. bonds, 

Grand Rapids Gas Light Co. bonds, 

State of Massachusetts bonds, . 

Cincinnati Edison Electric Co bonds, 

Detroit Electric Railway Co. bonds, 

North Chicago Street R.R. Co. bonds, 

Nor. Pac. Gt. Nor. R.R. Co., C, B. & Q. bonds 

Georgia R'ys Electric Co. bonds, 

Utica & Mohawk Valley St. R.R. bonds, . 

Utica Electric Light & Power Co. bonds, 

500 shares Old National Bank, Providence, 



290 

200 

100 

100 

550 

265 

320 

150 

95 

50 

100 

50 



Nat'l Bank of Commerce, Prov., 
American National Bank, Prov., 
Fourth National Bank, Providence 
First National Bank, Warren, 
Providence Gas Co., Providence, 
N. Y. Cent. & Hudson R. R.R. Co. 
Illinois Central R.R. Co., 
Chicago, Rock Isl. & Pac. R.R. Co. 
Providence Telephone Co., 
Worcester R'y & Investment Co., 
Chicago Great Western R.R. Co., 
Wells, Fargo & Co. Express, . 



Book Value. 

$12,000 00 

10,000 00 

3,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

20,000 00 

10,000 00 

7,000 00 

15,000 00 

5,000 00 

75,000 00 

5,000 00 

5,000 00 

5,000 00 

50,000 00 

5,000 00 

5,000 00 

5,000 00 

50,000 00 

14,500 00 

10,000 00 

10,000 00 

10,000 00 

27,500 00 

26,500 00 

32,000 00 

15,000 00 

4,750 00 

5,000 00 

10,000 00 

5,000 00 



Market Value. 

$11,040 00 

11,750 00 

2,955 00 

5,500 00 

5,700 00 

5,800 00 

5,650 00 

22,350 00 

10,850 00 

3,500 00 

14,550 00 

5,200 00 

74,250 50 

5,200 00 

5,250 00 

5,300 00 

48,000 00 

5,000 00 

5,100 00 

5,387 50 

50,000 00 

15,660 00 

10,600 00 

12,000 00 

9,000 00 

63,250 00 

40,545 00 

46,880 00 

30,000 00 

11,162 50 

5,325 00 

9,000 00 

11,750 00 



$507,250 00 $605,880 50 



"THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA. 

[Incorporated April 6, 1853. Commenced business May 16, 1853.] 
WM. H. MILLER, President. E. K. McCONKEY, Secretary. 

Income. 

Net fire premiums, * $534,461 19 

Interest on mortgage loans, $6,480.83; collaterals, $855.71 ; 

stocks and bonds, $14,263.13; all other, $736.29, . . 22,335 96 

Rents, including company's own occupancy, .... 2,421 00 



* Including $63,775.05 collected of previous years' premiums. 



206 THE farmers' FIRE INSURANCE CO. 

Profit on sale or maturity of ledger assets, .... $1,240 19 
From all other sources, 1,218 16 



Total income, £561,676 50 

Ledger assets, Dec. 31, 1901, 640,668 09 



Total, $1,202,344 59 

Disbursements. 

Net amount paid for fire losses, $269,928 65 

Commissions or brokerage, 109,928 65 

Salaries, fees, etc., of officers and employees, .... 33,918 34 

Rents, including company's own occupancy, .... 1,800 00 

Real estate taxes, $312.48 ; other taxes and fees, $10,349.98, . 10,662 46 

Profit and loss, 2,185 83 

All other disbursements, 30,098 24 



Total disbursements, $458,522 17 



Balance, $743,822 42 

Ledger Assets. 

Real estate, $39,000; mortgages,* $200,984.09 $239,984 09 

Loans secured by collateral (schedule A), . . . 38,675 00 

Stocks and bonds (schedule B), 329,576 18 

Cash in banks and office, 72,886 15 

Agents' debits (gross), 62,701 00 



Total ledger assets, $743,822 42 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $6,960.43 ; stocks and bonds, $1,756.97 ; col- 
lateral loans, $1,500.49, 10,217 89 

Rents due and accrued on company's property, . . . 317 00 

Market value of stocks and bonds over book value, . . 75,559 85 



Gross assets, $829,917 16 

Assets not admitted. 
Agents' debits over three months due, 5,665 21 



Total admitted assets, $824,251 95 

* Value of land, $303,990; buildings, $294,085; insurance thereon, $128,661. 



THE FARMERS FIRE INSURANCE CO. 



207 



Liabilities. 
Unpaid losses, including $5,791.90 resisted, $46,543.04 ; less 

reinsurance, $27, 

Unearned premiums on outstanding risks, $408,476.22; plus 

same on disallowed reinsurance, $1,921.02,. 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 
Taxes, 

All liabilities, except surplus, 

Surplus over general liabilities, 

Total liabilities, 



,516 04 



410,397 24 

3,749 69 

11,407 15 

3,500 00 

$475,570 12 
348,681 83 

$824,251 95 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$63,666,966 00 $762,733 30 
. 40,873,054 00 539,899 69 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$104,540,020 00 $1,302,632 99 
. 39,764,066 00 485,789 63 



,775,954 00 $816,843 36 
1,197,030 00 13,720 20 



. $63,578,924 00 $803,123 16 



Perpetual risks in force (not included above), $130,125 00 



1,947 04 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$10,259,927 00 

. 6,988,490 00 

265,379 00 



Schedule A. 

Securities held as Collateral. 



131 shares First Nat'l Bank (York, Pa.), 

311 " York Water Co., . 

20 " York Trust Co., 

128 " York National Bank, 

5 " Columbia National Bank, 

814 " Wrighteville Hardware Co., 

60 " Col. Steam Ferry & Tow Boat Co., 

92 " First National Bank (York, Pa.), . 



Market Value. Loaned Thereon. 

$27,772 00 $18,000 00 



13,638 00 


7,100 00 


1,000 00 


500 00 


5,760 00 


4,400 00 


700 00 


175 00 


3,768 00 ) 
3,000 00 S 


3,500 00 




12,880 00 


5,000 00 


$68,518 00 


$38,675 00 



208 



FIRE ASSOCIATION OF PHILADELPHIA. 



Schedule B. 

Stocks and Bonds owned by the 



N. C. Railway bonds, 

Pennsylvania R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Shamokin, Sunbury & Lewisburg R.R. bonds 

Lehigh Valley R.R. bonds, 

Potomac Valley R'y bonds, 

Lehigh Valley Coal bonds, 

Spring Garden school bonds, 

Central Market House bonds, 

York Felt & Paper Co. bonds, 

United States bonds, . 

12 shares Farmers' Nat'l Bank, York, Pa , 
50 " York Co. Nat'l Bank, York, Pa., 
90 " First National Bank, York, Pa., 
615 " York National Bank, York, Pa., 
300 " Pennsylvania R R. Co., 

4,382 " York Water Co 

160 " Yorl^GasCo., 



Company. 

Book Value. 

§8,640 00 

5,088 75 
15,907 50 

9,750 00 
25,562 50 

9,250 00 
10,300 00 
11,500 00 
10,000 00 

5,000 00 
39,771 88 

1,615 00 

2,130 00 

16,338 00 

27,797 05 

16,422 00 

106,665 50 

7,838 00 



Market Value. 

*,870 00 

5,270 84 

17,512 50 

10,516 67 

25,15<; 

11,250 00 

10,550 00 

11,368 43 

9,833 34 

4,875 00 

37,800 00 

2,112 00 

2,250 00 

19,080 00 

27,675 00 

22,500 00 

166,516 00 

12,000 00 



£329,576 18 $405,136 03 



"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated March 27, 1S20. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

E. C. IRVIN, President. M. G. GARRIGUES, Secretary. 

Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 
Interest on mortgage loans, §76,753 . 93 ; collaterals, 
stocks and bonds, $135,894.77 ; all other, f 2,360 

Rents, 

Profit on sale or maturity of ledger assets, 
From all other sources, .... 



Total income, 



Ledger assets, Dec. 31, 1901, 
Total, .... 



Disbursements 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 



^5,861.25 
98, 



£3,442,353 69 

63,757 25 

220,870 93 

31,208 28 

47,126 99 

7,052 99 

$3,812,370 13 

5,613,330 56 

19,425,700 69 



$2,105,820 11 
102,092 47 
200,000 00 
674,020 72 
325,384 94 






FIRE /ASSOCIATION OF PHILADELPHIA. 



209 



Repairs and expenses on real estate, .... 
Real estate taxes, $8,397.47 ; other taxes and fees, $84,304 
All other disbursements, 

Total disbursements, 



$7,610 36 

71, 92,702 18 

56,309 26 

. $3,563,940 04 



Balance, $5,861,760 65 



Ledger Assets. 

Real'estate, £443,325.94; mortgages,* $1,358,506.99, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $26,257.81 ; stocks and bonds, $30,253.05; col 

lateral loans, $617.53, 

Rents due and accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 



$1,801,832 93 

216,825 00 

2,883,087 82 

235,369 38 

724,645 52 

$5,861,760 65 



Gross assets, 



57,128 39 

3,014 90 

131 *56 

226,538 43 

15,589 46 

1,164,163 39 



Assets not admitted. 

Company's stock owned $12,090 00 

Miami Valley Ins. Co. stock, .... 1,250 00 

Special deposits less $73,768.86 liab. thereon, . 36,558 64 

Reinsurance due from unauthorized companies, 1,326 47 

Total unadmitted assets, .... 

Total admitted assets, 



51,225 11 
1,112,938 28 






Liabilities. 

Unpaid losses, including $44,836 . 83 resisted, $341,751 . 38 ; less 
reinsurance, $28,540.51, . . . . . 

Unearned premiums on outstanding risks, $2,600,911 .09 ; plus 
same on disallowed reinsurance, $10,826.36, 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



.,126,218 30 



$313,210 87 

2,611,737 45 

1,869,765 98 

192,005 68 

$4,986,719 98 

500,000 00 
626,218 30 

$6,112,938 28 



* Value of land, $1,483,502; buildings, $2,033,199; insurance thereon, $1,270,450. 



210 



FIRE ASSOCIATION OF PHILADELPHIA 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$439,839,752 00 $5,338,012 77 
.362,019,990 00 4,706,061 60 



Total,. 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$801,859,742 00 $10,044,074 37 
.351,105,313 00 4,542,431 98 



$450,754,429 00 $5,501,642 39 
. 30,619,340 00 424,552 97 



1420,135,089 00 $5,077,089 42 



Perpetual risks in force (not included above), $86,314,377 00 $2,036,757 46 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent.), 
Gompany's stock owned by directors, . 



$59,601,470 00 

34,245,000 00 

2,048,004 00 

6,379,762 00 

200,000 00 

30,300 00 



Schedule A. 
Securities held as Collateral. 



Mortgage assigned, 

259 shares Merchants' National Bank, 

75 " United N. J. R.R. & Canal Co., 
Diamond State Steel Co., . 
420 shares Consolidated Lake Superior Co., 
100 " Pennsylvania R.R. Co , . 

68 " United Gas Improvement Co., 
200 " U. S. Steel Corporation, . 
500 " Cambria Steel Co., . 
100 " Erie Railroad Co., . 

200 " Cambria Steel Co 

200 " United States Steel Corporation, 
100 " Philadelphia Co., . 
400 " Philadelphia Electric Co., 
Consolidated Traction Co. bonds, 
Wilkinsburg & East Pittsburg R'y bonds, 
Welsbach Co. bonds, .... 
285 shares United Gas Improvement Co., 
400 
500 

50 
100 
500 
200 



Lehigh Valley R.R. Co., . 
Erie R.R. Co.", .... 
United Gas Improvement Co., 
United States Steel Corporation, 
Reading Co., .... 
Philadelphia Electric Co., 



Market Value. 

$3,000 00 

45,325 00 

21,075 00 

7,700 00 

9,912 00 

7,800 00 

7,514 00 

7,250 00 

13,187 50 

3,875 00 

5,275 00 

12,212 50 

4,700 00 

3,300 00 

1,070 00 

2,200 00 

1,300 00 

31,492 50 

15,300 00 

19,375 00 

5,525 00 

8,587 50 

16,750 00 

1,650 00 



Loaned Thereon. 

-.825 00 



50,000 00 
14,000 00 

25,000 00 






!> 25,000 00 



25,000 00 
\ 25,000 00 

) 

[ 25,000 00 

) 



FIRE ASSOCIATION OF PHILADELPHIA. 



211 



100 shares Continental Tobacco Co., 
200 " Philadelphia Co., . 
100 " Union Traction Co., 
50 " United Gas Improvement Co., 
.City of Montgomery, Ala., bonds, . 



Schedule B. 



i 



Market Value. Loaned Thereon. 

$11,700 00 
9,400 00 
4,662 50 [- $25,000 00 
5,525 00 I 
1,030 00 J 



$287,693 50 $216,825 00 



Stocks and Bonds owned by the 



City of Camden bonds, 

City of Richmond certificates, . 

City of Tacoma Water and Light bonds, 

City of Richmond certificates, . 

City of Portland, Ore., bonds, . 

City of Petersburg, Va., bonds, 

Atlantic City, N. J., City Water Works bonds 

City of Duluth Water and Light bonds, 

City of Birmingham, Ala., bonds, . 

State of Georgia bonds, . 

Lehigh Valley R.R. bonds, 

Belt Railroad & Stock Yards bonds, 

Louisville & Nashville R.R. bonds, . 

Texas & Pacific R.R. bonds, 

Camden and Atlantic R.R. bonds, . 

Cin., Hamilton & Dayton R.R. Co. bonds 

Cin , Dayton & Ironton R.R. Co. bonds, 

Chicago, Rock Island & Pacific R.R. Co. bonds 

Northern Pacific R.R. bonds, . 

Reading Co. bonds, . 

Ohio River R.R. Co. bonds, 

Lynn & Boston R.R. Co. bonds, 

Lehigh Valley Coal Co. bonds, 

Port of Portland, Ore., bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Evansville & Terre Haute R.R. Co. bonds, 

Newark Passenger R'y Co. bonds, 

Lehigh Valley R.R. Co. bonds, 

Terminal R.R. Association, St. Louis, bonds, 

Philadelphia City Passenger R'y Co. bonds, 

Cleveland Electric R.R. Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Toledo Electric Street R'y bonds, . 

Central of Georgia R'y Co. bonds, . 

United Traction Co. of Pittsburgh bonds, 

Colorado Springs Electric Co. bonds, 

Fairmount Park Transportation Co. bonds, 

Chicago Edison Co. bonds, 



Company. 

Book Value. 

$1,756 25 
30,954 00 
40,450 00 
64,663 00 
16,950 00 
53,500 00 
27,445 00 

109,996 25 
73,058 25 
26,875 00 
98,583 33 
52,500 00 
62,300 00 
10,572 50 
31,425 00 
20,200 00 
24,250 00 
25,600 70 
33,966 25 
43,212 50 
24,000 00 
51,125 00 
15,450 00 
41,325 00 

102,856 95 
51,500 00 
22,040 00 
74,000 00 
74,450 00 
53,500 00 
30,512 50 
51,250 00 
31,290 00 
45,543 75 
49,750 00 
50,000 00 
52,537 50 
52,250 00 



Market Value. 

$1,560 00 
28,500 00 
41,700 00 
74,456 00 
17,925 00 
61,875 00 
30,937 50 

116,750 00 
73,945 00 
27,937 50 

124,000 00 
58,250 00 
73,395 00 
10,400 00 
33,300 00 
22,800 00 
28,500 00 
28,000 00 
35,700 00 
48,812 50 
28,250 00 
58,500 00 
16,350 00 
46,507 50 

126,000 00 
54,750 00 
25,630 00 
81,375 00 
87,000 00 
54,000 00 
32,400 00 
51,250 00 
32,250 00 
53,437 50 
58,500 00 
50,000 00 
52,000 00 
53,250 00 



212 



FIRE ASSOCIATION OF PHILADELPHIA. 



Minneapolis Street R'y Co. bonds, . 
Trenton Street R'y Co. bonds, . 
Seaboard and Roanoke R.R. Co. bonds, . 
Wilmington & Chester Traction Co. bonds, 
Cleveland, Lorain & Wheeling R.R. Co. bonds 
Trenton Gas & Electric Co. bonds, . 
Harrisburg Light, Heat & Power Co. bonds, 
The People's R.R. Co. of Syracuse bonds, 
Fort Pitt Traction Co. bonds, . 
Chicago Suburban Water & Light Co. bonds, 
West Chester Lighting Co. bonds, . 
Wheeling Traction Co. bonds, . 
Connecticut Railway & Lighting Co. bonds, 
Elmira Water, Light & Railroad Co. bonds, 
Brooklyn Union Elevated R.R. Co. bonds, 
Central of Georgia R.R. Co. bonds, . 
Elgin, Aurora and Southern traction bonds, 
Shawinigan Water & Power Co. bonds, . 

Erie R.R. Co. bonds, 

Reading Co. Gold R.R. and Marine Equip. Tr. 
Wabash R R. Co. bonds, .... 
Chesapeake & Ohio R.R. Co. bonds, 
Pennsylvania R.R. Co. bonds, . 
St. Louis & San Francisco R.R. bonds, 
Passaic Steel Co. bonds, .... 
Edison Electric Light Co. trust certificates, 
Westinghouse Elec. & Manuf. Co. certificates 
United Railways gold trust certificates, . 
Asphalt Co. of America certificates, 

331 shares Phila., Ger. & Norrisfn R.R. Co. 
70 " Chestnut Hill R.R. Co., 
35 " Philadelphia Bourse, . 
5 " Underwriters 1 Salvage Co., . 

500 " Philadelphia Traction Co., . 

115 " United Power & Trans. Co., 
2,000 " Miami Valley Insurance Co., 

306 " Illinois Southern R'y Co , . 
. 250 " Colorado Springs Electric Co., 
62 " Elmira Watertight & R.R. Co., 

400 " Passaic Steel Co., . 

200 " United States Steel Corporation, 

200 " Baltimore & Ohio R.R. Co., . 

200 " Philadelphia Co , . 

100 " United Gas Improvement Co., 
31 " Company's own stock, . 



Book Value. 

148,437 50 
19,000 00 
51,625 00 
50,500 00 
53,750 00 
40,625 00 
25,500 00 
3,120 00 
23,400 00 
25,000 00 
20,500 00 
49,500 00 
49,750 00 
24,365 00 
60,300 00 
45,000 00 
22,750 00 
24,500 00 
44,625 00 
25,218 75 
21,875 00 
33,402 50 
72,450 00 
23,940 00 
38,000 00 
13,325 00 
25,625 00 
20,750 00 
67,577 50 
30,666 36 
6,401 75 
1,375 00 
500 00 
28,709 37 
3,025 00 
1,250 00 
7,650 00 



7,S75 00 
19,837 50 

9,550 00 
11,250 00 

8,947 86 



Market Value. 

f54,250 00 
21,400 00 
57,000 00 
53,000 00 
57,000 00 
42,000 00 
25,625 00 
3,240 00 
23,400 00 
25,625 00 
20,600 00 
50,500 00 
50,000 00 
28,500 00 
63,000 00 
46,000 00 
23,000 
25,250 00 
44,500 00 
25,250 00 
22,250 00 
33,596 25 
74,900 00 
23,937 50 
38,000 00 
14,560 00 
25,750 00 
25,800 00 
23,500 00 
57,594 00 
4,550 00 
47." 

500 00 

48,750 00 

5,520 00 

1,250 00, 

5,000 00, 

3.750 00 

620 00 

150 00 

7,250 00 

20,000 00 

9,300 00 

11,200 00 

12,090 00 



$2,883,087 82 §3,109,626 25 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 213 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF PHILA-' 
DELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 19, 1833.] 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 

Income. 

Net fire premiums, *$ 316,053 50 

Deposit premiums on perpetual risks, 4,206 39 

Interest on mortgage loans, $9,122.66; collaterals, $71.57 ; 

stocks and bonds, $24,262.89; all other, $1,615.25, . . 35,072 37 

Rents, including company's own occupancy, .... 4,157 92 

From all other sources, 4,691 78 



Total income, 



Ledger assets, Dec. 31, 1901, 



$364,181 96 
829,062 52 



Total, $1,195,244 48 



Disbursements. 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $791 . 80 ; other taxes and fees 

Loss on sale or maturity of ledger assets, 

All other disbursements, .... 



Total disbursements, 



Balance, 



Ledger Assets 

Real estate, $56,322.44; mortgages,! $211,550 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' debits (gross), .... 
All other ledger assets, .... 



1,129.64, 



$212,556 20 

14,864 46 

24,000 00 

70,773 13 

14,396 60 

1,800 00 

1,112 20 

9,921 44 

3,722 65 

19,989 29 

$373,135 97 

$820,108 51 



$267,872 44 

8,700 00 

481,083 54 

26,008 46 

32,901 44 

3,542 63 



Total ledger assets, $820,108 51 



* Including $51,161.67 collected of previous years' premiums. 
t Value of property, $409,850; insurance thereon, $168,800. 



/ 



214 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,069.57 ; stocks and bonds, $390 ; collateral 

loans, $39.78; other assets, $100, $ 3,599 35 

Rents due and accrued on company's property, ... 65 50 

Market value of real estate over book value, .... 18,34256 
Market value of stocks and bonds over book value, . . 88,446 96 



Gross assets, 

Liabilities. 

Unpaid losses, $30,693.31 ; less reinsurance, $2,694.38, . . .7,998 93 
Unearned premiums on outstanding risks, $183,692.77; plus 

same on disallowed reinsurance, $6,185.17, . . . 189,877 94 

Reclaimable on perpetual fire policies, 216,682 82 

Commissions and other charges due agents and brokers, . 8,225 36 



All liabilities, except capital and surplus, . . . $442,785 05 
Surplus to policy holders, .... $487,777 83 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 87,777 83 



Total liabilities, $930,562 88 

Risks and Premiums. 

Premiuma. 

Fire risks outstanding Dec. 31, 1901, . . $33,727,528 00 $380,024 72 

Fire risks written during 1902, . . . 28,044,450 00 357,588 18 



Total, $61,771,978 00 $737,612 90 

Risks expired and terminated, .... 28,748,008 00 349,122 84 



In force at end of year, $33,023,970 00 $388,490 06 

Amount reinsured, 3,105,948 00 35J48 53 



Net amount in force, $29,918,022 00 $352,7-4153 



Perpetual risks in force (not incl'd above), . $9,956,457 00 $239,183 46 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



$3,775,266 00 

2,431,977 00 

208,176 00 

804,408 00 

24,000 00 

133,900 00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 215 



Schedule A. 
Securities held as Collateral. 

Market Value. 

21 shares Union Pacific R'y. Co., . . . 85,019 00 

200 " Cambria Steel Co., . . . 5,275 00 

40 " U. S. Steel Co. 1,450 00 



Loaned Thereon. 

$3,700 00 
5,000 00 



$11,744 00 $8,700 00 



Schedule B. 

Stocks and Bonds owned by the 



City of Camden bonds, .... 

Lehigh Valley R.R. bonds, 

Delaware & Bound Brook R.R. Co. bonds, 

Pennsylvania and N. Y. Canal & R.R. bonds, 

Phila. & Erie R.R. bonds, . 

Pennsylvania R.R. bonds, 

Connecting R'y bonds, 

Pennsylvania R.R. bonds, . 

Pennsylvania & N. W. R.R. Co. bonds, 

Lehigh Valley R'y bonds, 

Lehigh Valley R.R. annuity bonds, . 

Northern Central R'y Co. bonds, 

Philadelphia & Reading Terminal bonds, 

Pitts., Cin., Chicago & St. Louis R'y Co. bonds 

Cattawissa R.R. Co. bonds, 

Wladikawkas R'y bonds, .... 

Pepnsylvania Co. bonds, .... 

Pennsylvania Steel Co. bonds, . 

Equitable Illu. Gas Light Co. of Phila. bonds 

Western Union Telegraph Co. bonds, 

Philadelphia City Passenger R'y Co. bonds, 

Newark Passenger R'y Co. bonds, . 

Electric & People's Traction Trust certs, 
11 shares Elmira & Williamsport R.R., . 

264 " Phila., Germant'n & Norris. R.R. Co 

150 " United Cos. of New Jersey, . 

470 " Pennsylvania R.R. Co., . 

104 " North Penn. R.R. Co., . 

205 " Germantown Passenger R'y Co., 

100 " 2d & 3d Sts. Passenger R'y Co., 
20 " 13th & 15th Sts. Passenger R'y Co 
50 » Frank. & South. P. C. P. R.R. Co 

164 " Union Trac. Co. of Philadelphia, 

200 " Philadelphia Traction Co., . 
70 ll Nat 1 ! Bank of Northern Liberties, 
28 " Bank of North America, Phila., 



Company. 

Book Value. 

$1,280 00 
10,150 00 
28,867 50 

7,387 50 
10,600 00 
13,302 50 

1,182 50 

7,035 00 
10,400 00 
25,250 00 
18,137 50 
11,550 00 
12,050 00 
23,400 00 

4,300 00 
15,000 00 

9,800 00 
15,250 00 
16,537 50 
16,425 00 

3,240 00 

4,625 00 
23,359 00 
550 00 
218,847 05 
29,217 39 
26,502 00 

8,699 50 
17,744 60 
16,816 00 

4,500 00 
16,656 25 

2,870 00 
18,225 00 
11,516 25 

7,458 00 



Market Value. 

$1,080 00 

9,680 00 

27,000 00 

6,510 00 

12,000 00 

13,150 00 

1,020 00 

6,495 00 

11,450 00 

27,812 50 

20,925 00 

12,325 00 

12,500 00 

23,600 00 

4,360 00 

15,300 00 

10,000 00 

16,275 00 x 

16,387 50 

16,500 00 

3,165 00 

5,875 00 

25,000 00 

550 00 

44,880 00 

42,150 00 

36,660 00 

11,336 00 

29,725 00 

30,350 00 

6,200 00 

23,000 00 

7,585 00 

19,600 00 

9,187 50 

7,672 00 



216 fireman's FUND INSURANCE CO. 

Book Value. Market Value. 

10 shares First National Bank of Phila., . £2,102 60 f 1,975 00 

200 " Philadelphia Securities Co., . . 250 00 250 00 



$481,083 54 $569,530 60 



"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1863. Commenced business June 18, 1 
Paid-dp Capital, $1,000,000. 
WM. J. DUTTON, President. LOUIS WEINMANS, Secretary. 

Income. 

Net fire premiums, $3,157,481. 11 ; marine, 8617,602.88, . * 3,775,083 99 

Interest on mortgage loans, $19,251. 97 ; collaterals, $11,068. 75 ; 

stocks and bonds, $129,927.97; all other, $8,726.62, . . 168,975 31 
Rents, including company's own occupancy, .... 29,686 21 
Profit on sale or maturity of ledger assets, .... 10,121 22 



Total income $3,983,866 73 

Ledger assets, Dec. 31, 1901, 3,779,833 50 



Total, $7,763,700 23 

Disbursements. 

Net amount paid for fire losses, $1,292,270.69; marine, 

$297,873.04, $1,590,143 73 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 1,281 55 

Salaries, fees, etc , of officers and employees, .... 258,139 32 

Rents, including company's own occupancy, . . . . )0 00 

Real estate taxes, $11,992. 57; other taxes and fees, $57,390.92, 69,383 49 

Loss on sale or maturity of ledger assets, .... 67,855 73 

Profit and loss, 6,085 56 

All other disbursements, 188,944 93 



Total disbursements, -2,790,234 31 



Balance, $4,973,465 92 

Ledger Assets. 

Real estate, $525,500; mortgages,! $245,167.31, • • • $770,667 31 

Loans secured by collateral (schedule A), .... 281,500 00 

Stocks and bonds (schedule B), 2,897,481 64 

Cash in banks and office, 335,645 47 

* Including $648,499.75 collected of previous years' premiums. 

f Value of land, $516,500; buildings, $218,500; insurance thereon, $100,550. 



FIREMAN S FUND INSURANCE CO. 



217 



Agents 1 debits (gross), 

Bills receivable, not matured, 

All other ledger assets, 

Total 

Less ledger liabilities, 

Total ledger assets, . 



$657,381 90 
65,541 65 
20,974 37 

$5,029,192 34 
55,726 42 

$4,973,465 92 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,045.18; collateral loans, $990.48; other 

assets, $861.74 2,897 40 

Market value of stocks and bonds over book value, . . t 170,497 86 



Gross assets, 



>,146,861 18 



Assets not admitted. 

Agents' debits over three months due, 
Special deposits less $90,761.84 liab. thereon, . 
Total unadmitted assets, . . . . - 

Total admitted assets, .... 



$43,938 15 
83,930 16 



127,868 31 



. $5,018,992 87 



Liabilities. 

Unpaid losses, including $21,175 resisted, $292,281.34; less 
reinsurance, $99,790.11, $192,491 23 

Unearned premiums on outstanding risks, $2, 10 1,2 11. 11 ; plus 

same on disallowed reinsurance, $155,853.06, . . . 2,257,064 17 

Commissions and other charges due agents and brokers, . 72,493 95 

All liabilities, except capital and surplus, . . . $2,522,049 35 
Surplus to policy holders, .... $2,496,943.52 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, .... 1,496,943 52 

Total liabilities, $5,018,992 87 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$282,650,458 00 $3,469,084 14 
.314,575,036 00 3,764,215 13 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$597,225,494 00 $7,233,299 27 
. 255,549,247 00 2,974,638 29 



$341,676,247 00 $4,258,660 98 
. 43,744,270 00 581,135 77 



$297,931,977 00 $3,677,525 21 



218 



FIREMAN S FUND INSURANCE CO. 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Xet amount in force, . 



Premiums. 

. $10,824,141 00 $393,889 48 
. 141,028,820 00 1,049,745 48 



§ 151,852,961 00 §1,443,634 96 
.138,745,209 00 1,027,114 65 



.$13,107,752 00 §416,520 31 
. 4,917,841 00 183,666 85 



1,189,911 00 $232,853 46 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared daring the year (12 per cent.), 
Company's stock owned by directors, .... 



§42,969,335 00 
22,488,886 00 
1,321,462 00 
249,091 00 
3,476,000 00 
120,000 00 
104,600 00 



Schedule A. 

Securities held as Collateral. 



590 shares B'k of Sonoma Co. st'k, Peta., Cal., 

Olaa Sugar Co., Hawaii, bonds, 

400 shares Cal. Safe Dep. & Trust Co., S. F., 

Loan to Merchants' Ex. of San Francisco, 

400 shares Contra Costa Water Co., 

Standard Electric Co. bonds, 

5,000 shares Olaa Sugar Co., . 

1,250 " Hilo Railway Co., . 

Puna Sugar Co. bonds, 

Santa Clara Co. mortgages, 

Texas & Pas. R.R. bonds, . 

Southern Pacific of Arizona bonds, 

Southern Pacific bonds, 

350 shares California Wine Association, 

Schedule B. 



Market Value. 

§79,650 00 
46,000 00 
54,800 00 

7,500 00 
26,800 00 
50,000 00 
57,500 00 
31,250 00 
10,000 00 
25,000 00 
11,600 00 
11,150 00 

4,900 00 
35,175 00 



} 



Loaned Thereon. 

$49,000 00 
40,000 00 
28,000 00 
7,500 00 
24,000 00 
20,000 00 

. 50,000 00 

15,000 00 

20,000 00 

28,000 00 



$451,325 00 $281,500 00 



Stocks and Bonds owned by the Company. 



United States bonds, 

Republic of Hawaii bonds, .... 
Omnibus Cable R'y Co., San Fran., Cal., bonds, 
Market Street R'y Co., San Fran , Cal., bonds, 
Powell St. R'y Co., San Fran., Cal., bonds, 
Sutter St. R'y Co., San Francisco, Cal., bonds, . 



Book Value. 

§269,976 56 

13,346 20 

164,125 00 

138,057 50 

24,200 00 

56,500 00 



Market Value. 

8272,000 00 

14,000 00 

165,100 00 

142,780 00 

23,600 00 

56,500 00 



fireman's FUND INSURANCE CO. 



219 



Presidio & Fer. R.R. Co., San Fran., Cal., b'ds 

Park and Cliff House R'y bonds, 

Los Angeles R'y Co., Los Angeles, Cal., b'ds, 

Oakland Transit Co. bonds, 

San Fran. & San Joaquin Valley R'y Co. bonds 

San Francisco & North Pacific R'y bonds, 

Northern Railway of California bonds, . 

South Pacific Coast R'y Co. bonds, . 

Stamped, Southern Pacific R.R. of Cal. bonds 

Southern Pacific Branch bonds, 

Sierra Railway of California bonds, 

North Pacific Coast R.R. Co. bonds, . 

Spring Valley W. W. of San Francisco bonds 

Pacific Gas Improvement Co. bonds, 

The Risdon Iron and Locomotive Works b'ds 

San Francisco Dry Dock Co. bonds, . 

Oakland Gas, L. & H. Co., Oakland, Cal , b'ds 

Stockton Gas & Elec. Co., Stockton, Cal., b'ds 

Bay Counties Power Co. bonds, 

Pacific Electric R'y Co. bonds, . 

Cal. Central Gas & Electric Co. bonds, . 

Edison Elec. Co., Los Angeles, Cal., bonds, 

Keswick Electric Power Co. bonds, . 

Sunset Telephone & Telegraph Co. bonds, 

Oceanic Steamship Co., San Fran., Cal., b'ds, 

American Hawaiian Steamship Co., N. Y., b'ds 

Baker City, Oregon, school bonds, . 

Palo Alto, Cal., school bonds, . 

Riverside Water Co. bonds, 

Honolulu Rapid Transit & Land Co. bonds, 

Oahu Railway & Land Co. bonds, . 

Hilo Railroad Co , Honolulu, H. I., bonds, 

Oahu Sugar Co. of Honolulu, H. I., bonds, 

Natoma Vineyard Co., Cal., bonds, . 

Blaine County, Idaho, bonds, . 

2,986 shares Home Fire & Marine Ins. Co., Cal. 

146 » Bank of Cal., San Fran., Cal., 

130 " First Nat'l Bank, San Fran., Cal. 

166 " Anglo-Cal. B'k, Ltd., San F., Cal. 

340 " Sather Bank. Co., San Fran., Cal. 

100 " Mer. Trust Co., San Fran., Cal., 
10 " Union Trust Co., . 

450 " Oakland B'k of Sav., Oak., Cal., 
50 " Union Nat'l Bank, Oakland, Cal 

250 " San Francisco Nat'l Bank, . 
1,000 " Cal. St. Cable R.R. Co., S. F., Cal 

550 " Presidio & Fer. R.R. Co., S. F., Cal 

550 " Oak. G., L. & H. Co., Oak , Cal., 



Book Value. 

$40,500 00 

5,450 00 
58,006 25 
11,525 00 
65,577 50 
33,320 00 
46,000 00 
125,625 00 
86,235 00 
27,600 00 
21,093 33 
44,000 00 
46,632 50 
13,545 00 
52,875 00 

5,500 00 
67,065 00 
45,225 00 
42,775 00 
16,050 00 
25,625 00 

4,908 35 
10,000 00 
47,990 00 

2,225 00 
12,900 00 
12,600 00 

2,700 00 
15,000 00 
47,551 95 
31,275 00 
47,500 00 
20,000 00 

1,500 00 

400 00 

600,000 00 

58,449 50 

26,527 00 

10,790 00 

3,910 00 
10,500 00 
18,000 00 
31,500 00 

7,500 00 

27,500 00 

120,000 00 

12,375 00 

23,400 00 



Market Value. 

$41,400 00 

5,350 00 
59,250 00 
11,500 00 
68,880 00 
33,350 00 
44,400 00 
125,000 00 
85,020 00 
28,000 00 
21,800 00 
44,200 00 
44,997 50 
13,300 00 
52,500 00 

5,500 00 
69,750 00 
45,100 00 
43,200 00 
16,425 00 
26,500 00 

5,000 00 
10,400 00 
48,400 00 

1,700 00 
13,650 00 
12,600 00 

2,500 00 
20,000 00 
52,500 00 
31,500 00 
50,000 00 
20,000 00 

1,500 00 

400 00 

600,000 00 

65,700 00 

52,000 00 

15,770 00 

3,910 00 
15,000 00 
20,000 00 
36,000 00 

8,250 00 

37,500 00 

190,000 00 

22,000 00 

37,950 00 



220 



THE FIREMEN S INSURANCE CO. 



500 shares San F. G. & Elec. Co., San F.,Cal., 
1 Pacific Gas Imp. Co., San F., Cal., 

Stockton Gas & E. Co., St'k, Cal., 
' Spring V. W. W., San P., Cal., 

San Jose Wter Co., San Jose, Cal., 
1 San F. Dry Dock Co , San P., Cal., 
' Mission Rock Co., San. Fran., Cal., 
' Hilo R.R. Co., .... 
1 Marin County Water Co., 



200 
786 
600 
100 
656 
656 
125 
100 



Book Value. 

$25,500 00 

10,000 00 

9,825 00 

55,500 00 

10,000 00 



Market Value. 

$20,750 00 

7,100 00 

9,432 00 

51,000 00 

10,500 00 



24,600 00 26,240 00 



2,500 00 
6,125 00 



3,125 00 
6,200 00 



§2,897,481 64 $3,067,979 50 



"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD. 

[Incorporated December, 1S25. Commenced business Aug. 2, l v 
Paid-up Capital, $400,000. 
F. E. 8. WOLFE, President. HARRY L. RIALL, Secretary. 

Income. 

Net fire premiums, *f 577,887 23 

Interest on stocks and bonds, 34,567 39 

Rents, including company's own occupancy, .... 7,137 97 

Profit on sale or maturity of ledger assets, .... 3,716 00 

Borrowed money, 60,000 00 

Total income, $683,308 59 

Ledger assets, Dec. 31, 1901, 1,201,542 42 

Total, $1,884,851 01 



Disbursements. 

Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 

Taxes and fees, 

Return premiums and reinsurance unpaid in 1901, 

Profit and loss, 

All other disbursements, 

Total disbursement .... 

Balance, 



$425,259 51 

63,692 80 

119,565 55 

18,923 50 

2,500 00 

1,607 21 

41,562 67 

4,366 77 

20,334 36 

28,714 42 

$726,526 79 

$1,158,824 22 



* Including $48,128.60 collected of previous years' premiums. 



THE FIREMEN'S INSURANCE CO. 



221 



Ledger Assets 



Real estate, .... 

4 

Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents 1 debits (gross), 

Total ledger assets, . 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, 
Rents due and accrued on company's property, 
Market value of stocks and bonds over book value 
Furniture, fixtures and maps, .... 
All other, 



Gross assets, 



$145,000 00 

875,252 34 

43,494 99 

94,576 89 

$1,158,324 22 



15,366 87 
373 11 

51,667 66 
9,798 36 
4,836 38 

$1,2-40,366 60 



Assets not admitted. 

Furniture, fixtures and maps, .... 

Special deposits, 

Total unadmitted assets, .... 

Total admitted assets, .... 



$9,798 36 
20,000 00 



29,798 36 
. $1,210,568 24 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Dividends due stockholders, 

Commissions and other charges due agents and brokers, 
Due for return premiums, 1491.23 ; reinsurance, $18,854.28, 
Borrowed money, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



§742,401 88 



$27,164 63 

338,767 48 

1,269 36 

21,619 38 

19,345 51 

60,000 00 

$468,166 36 

400,000 00 

342,401 88 



Total liabilities $1,210,568 24 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$113,215,457 00 $961,828 18 
. 76,873,996 00 968,407 77 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$190,089,453 00 $1,930,235 95 
. 83,916,243 00 975,560 59 



$106,173,210 00 $954,675 36 
. 31,096,664 00 229,996 93 



$75,076,546 00 $724,678 43 



222 



FIREMEN S INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), 
Company's stock owned by directors, .... 



$10,235,795 CO 

5,428,299 00 

407,499 00 

3,637,534 00 

64,000 00 

40,300 00 



Schedule A. 
Stocks and Bonds owned by the 



Virginia State bonds, .... 
Baltimore city bonds, .... 
Massachusetts building Co. bonds, . 
Virginia Electric R'ys & Dev. Co. bonds, 
Merchants' National Bank stock, 
National Mechanics' Bank stock, 
Farmers' & Merchants' National Bank stock, 
Maryland National Bank stock, 
National Marine Bank stock, . 
Second National Bank stock, . 
Citizens' National Bank stock, . 
United R'ys & Electric Co. stock, 
Union Terminal R'y Co. stock, 



Company. 

Book Value. 

$17,195 85 

609,740 33 

84,000 00 

45,000 00 

5,623 52 

12,659 71 

11,934 00 

1,991 65 

15,732 90 

29,277 00 

21,519 63 

5,977 75 

14,600 00 



Market Value. 

$22,150 00 

619,220 00 

88,000 00 

50,000 00 

11,700 00 

25,920 00 

14,000 00 

1,900 00 

15,600 00 

29,250 00 

33,000 00 

4,500 00 

11,680 00 



$875,252 34 8926,920 00 



"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J," 

NEWARK, N. J. 

[Incorporated Dec. 3, 1S55. Commenced business Dec. 3, 1855.] 

Paid-up Capital, $1,000,000. 

DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary. 

Income. 

Net fire premiums, * $872,679 28 

Interest on mortgage loans, $63,078.77; stocks and bonds, 

$58,895, 121,973 77 

Rents, including company's own occupancy, .... 12,445 62 

From all other sources, 155,777 72 

Total income $1,162,876 39 

Ledger assets, Dec. 31, 1901, 2,216,19601 

Total $3,379,072 40 

* Including $104,425.64 collected of previous years' premiums. 



FIREMEN S INSURANCE CO. 



223 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $5,760 . 57 ; other taxes and fees, $20,337 . 03 

Loss on sale or maturity of ledger assets, 

Return and reinsurance premiums of 1901, 

All other disbursements, 

Total disbursements, 

Balance, 



$365,394 14 

100,000 00 

169,984 88 

34,742 65 

1,038 01 

26,097 60 

947 95 

19,477 40 

40,212 57 

$757,895 20 

$2,621,177 20 



Ledger Assets. 

Real estate, $129,772.24; mortgages,* $1,295,098.31, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 



Total ledger assets, 



1,424,870 55 

1,036,800 00 

21,798 61 

137,708 04 

.2,621,177 20 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $18,173.28; stocks and bonds, $10,012.50, 

Rents due on company's property, 

Market value of stocks and bonds over book value, 

All other non-ledger assets 



Gross assets, 



28,185 78 

237 00 

448,275 00 

131 87 

$3,098,006 85 



Liabilities. 

Unpaid losses, including $1,500 resisted, $66,612.30 ; less rein- 
surance, $3,594.07, $63,018 23 

Unearned premiums on outstanding risks, $600,583.76, plus 

same on disallowed reinsurance, $760.96, .... 601,34472 

Interest due or accrued, 494 22 

Unpaid scrip, 1,88700 

Commissions and other charges due agents and brokers, . 28,777 42 

Due for return premiums, $16,372 . 49 ; reinsurance, $9,501 .11, 25,873 60 

All liabilities, except capital and surplus, . . . $721,395 19 
Surplus to policy holders, . .- . $2,376,61166 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, .... 1,376,611 66 

Total liabilities, $3,098,006 85 



* Value of land, $1,142,740; buildings, $2,016,830; insurance thereon, $1,680,958. 



224 



firemen's INSURANCE CO. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$114,101,179 00 $1,005,869 40 
. 76,019,953 00 897,230 35 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$190,121,132 00 $1,903,099 75 
. 60,518,099 00 707,536 86 



$129,603,033 00 $1,195,562 89 
. 6,808,702 00 59,138 73 



$122,794,331 00 $1,136,424 16 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$10,351,690 00 
4,973,827 00 
367,881 00 
2,170,500 00 
850,000 00 
100,000 00 
232,200 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Morris & Essex R.R. bonds $50,000 00 $65,500 00 

Montclair Gas & Water Co. bonds, . . . 5,000 00 5,000 00 

North Hudson County R'y Co. bonds, . . 45,000 00 51,000 00 

Newark Gas Co. bonds 50,000 00 68,500 00 

Lehigh Valley Terminal R'y bonds, . . 50,000 00 59,000 00 

Newark Passenger R'y Co. bonds, . . . 20,000 00 23,000 00 

Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00 

Passaic Water Co. bonds, 20,000 00 21,200 00 

Consolidated Traction Co. bonds, . . . 100,000 00 107,000 00 

Consumers' Heat, Light & Power Co. bonds, . 10,000 00 10,000 00 

Central R.R. of New Jersey bonds, . . . 25,000 00 32,500 00 

United Electric Co. (N. J.) bonds, . . . 80,000 00 53,600 00 

Newark Consolidated Gas Co. bonds, . . 100,000 00 107,000 00 

N. Y., L. Erie & West. R.R. Dock & Imp. b'ds, 20,000 00 23,400 00 

United N. J. R.R & Canal Co stock, . . 15,000 00 41,700 00 

Delaware, Lack. & Western R.R. stock, . . 60,000 00 150,000 00 

Morris & Essex R.R. stock, .... 70,000 00 133,000 00 

Newark Consolidated Gas Co. stock, . . 20,000 00 13,600 00 

National Newark Banking Co. stock, . . 40,000 00 120,000 00 

National State Bank stock 32,500 00 65,000 00 

Essex County National Bank stock, . . 20,000 00 70,000 00 

Manufacturers 1 National Bank stock, . . 10,000 00 17,500 00 

Consolidated Rosendale Cement Co. stock, . 4,000 00 1,200 00 

Merchants' National Bank stock, . . . 8,000 00 22,000 00 



firemen's MUTUAL INSURANCE CO. 



225 



N. Y. & N. J. Telephone stock, 

Rapid Transit R'y Co. stock, . 

Western Adjustment & Inspection Co. stock, 

Consolidated Traction Co. stock, 

Trenton Passenger R 1 y Co. bonds, . 

Hudson Co. Gas Co. bonds, 

Trenton Gas & Electric Co. bonds, . 



Book Value. 

$35,000 00 
15,000 00 
300 00 
40,000 00 
30,000 00 
30,000 00 
10,000 00 



Market Value. 

$54,600 00 
37,500 00 
375 00 
27,000 00 
38,700 00 
31,200 00 
10,800 00 



$1,036,800 00 $ 1,485,075 00 



"FIREMEN'S MUTUAL INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May, 1S54. Commenced business September, 1854.] 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Income. 

Net premiums, * $745,998 01 

Interest on stocks and bonds, $35,214.20 ; all other, $3,697.18, 38,911 38 
From all other sources, 1,854 46 



Total income, $786,763 85 

Ledger assets, Dec. 31, 1901, 821,088 44 



Total, $1,607,852 29 

Disbursements. 



Net amount paid for losses, 

Profits on terminated policies, . 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Inspections, 

Premiums on investments charged off, 

1902 premiums received in 1901, 

All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets. 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

All other ledger assets, 



$55,928 61 

606,793 16 

12,510 00 

850 00 

14,150 34 

11,950 11 

9,003 34 

1,387 34 

860 10 

$713,433 00 

$894,419 29 



$720,512 50 

165,346 39 

8,434 30 

126 10 



Total ledger assets, $894,419 29 



* Including $7,436.12 collected of previous years' premiums. 



226 



FIREMEN S MUTUAL INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $7,361.17 ; other assets, $ 819. 85, . 

Market" value of stocks and bonds over book value, 



Gross assets, 



18,181 02 
255,886 50 

$1,158,486 81 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Taxes due or accrued, 

Premiums due in 1903 paid in advance, 

All liabilities, except surplus, . 
Surplus, 

Total liabilities, .... 



$ 1,592 19 

362,463 70 

10,531 52 

1,354 46 

$375,941 87 
782,544 94 

$1,158,486 81 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $82,987,337 00 f 647,269 68 §3,236,318 40 
Risks written during 1902, . 96,428,482 00 762,717 77 3,813,588 85 



Total,. . . . $179,415,819 00 $1,409,987 45 $7,049,937 25 
Risks expired and terminated, . 88,513,441 00 685,060 06 3,425,300 30 



In force at end of year, 



. $90,902,378 00 $724,927 39 $3,624,636 95 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 92.29 per cent. 



$55,490 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds $120,000 00 $140,400 00 

Rhode Island State bonds, .... 100,000 00 110,000 00 

Columbus Street R'y Co. bonds, . . . 20,000 00 22,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 4,000 00 3,920 00 

Northern Pacific-Great Northern R'y bonds, . 55,000 00 53,900 00 

Pennsylvania R R. Co. bonds, .... 7,500 00 7,875 00 

100 shares Hereford R'y Co., .... 10,000 00 10,000 00 

100 u Detroit, Hillsdale & So. West'nR.R., 10,000 00 10,500 00 

200 " Pitts., Bessemer & L. Erie R.R., . 7,400 00 7,400 00 

200 " Cleveland & Pittsburg R'y Co., . 10,000 00 19,200 00 

200 " West End Street R'y Co., . . 10,000 00 22,200 00 

200 " Rensselaer & Saratoga R.R , . . 20,000 00 42,000 00 

650 " Pennsylvania R.R., .... 32,500 00 50,050 00 

200 " Morris & Essex R.R., . . . 10,000 00 19,400 00 



FRANKLIN FIRE INSURANCE CO. 



227 



300 shares 


200 


K 


100 


M 


200 


u 


360 


u 


100 


u 


530 


u 


600 


u 


260 


It 


280 


IC 


200 


u 


100 


u 


100 


11 


252 


It 


100 


(t 


100 


II 



Rome, Watert 1 n& OgdensburgR.R., 

Chicago & Northwestern R.R., 

Old Colony R.R., . 

N. Y., Lackawanna & Western R.R 

Illinois Central R.R., 

Pitts., Ft. Wayne & Chicago R.R., 

N. Y. Central & Hudson R. R.R., 

Merchants' National Bank, 

First National Bank, 

American National Bank, 

National Bank of Commerce, . 

Old National Bank, . 

Blackstone Canal National Bank, 

Providence Gas Co., 

The Gold & Stock Telegraph Co., 

Upper Coos R.R. Co., 



Book Value. 

$30,000 00 
20,000 00 
10,000 00 
20,000 00 
36,000 00 
10,000 00 
53,000 00 
30,000 00 
26,000 00 
14,000 00 
10,000 00 
10,000 00 
2,500 00 
12,600 00 
10,000 00 
10,000 00 



Murket Value. 

$41,400 00 
43,800 00 
20,700 00 
27,600 00 
52,560 00 
19,200 00 
80,030 00 
46,200 00 
31,720 00 
15,120 00 
11,000 00 
10,000 00 
3,000 00 
28,224 00 
12,000 00 
15,000 00 



f720,500 00 $976,399 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June 22, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 

Income. 

Net fire premiums, * $755,386 72 

Deposit premiums on perpetual risks, 5,945 15 

Interest on mortgage loans, $6,863.20; collaterals, $2,454.08 ; 

stocks and bonds, $105,430; all other, $1,339.76, . . 116,087 04 

Rents, 5,836 60 

From all other sources, •. 1,222 50 

Total income, $884,478 01 

Ledger assets, Dec. 31, 1901, 2,898,479 65 

Total, $3,782,957 66 



Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, .... 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc, of officers and employees, . 
Rents, 



$351,751 95 

37,757 74 

80,000 00 

141,789 23 

35,694 35 

2,240 32 



* Including $91,812.80 collected of previous years' premiums. 



228 FRANKLIN FIRE INSURANCE CO. 

Repairs and expenses on real estate, $8,183 91 

Real estate taxes, $3,387.70; other taxes and fees, $20,992. 31, 24,380 01 

Loss on sale or maturity of ledger assets, .... 274 47 

All other disbursements, 78,257 97 



Total disbursements, $760,329 95 



Balance, $3,022,627 71 



Ledger Assets. 

Real estate, $218,484.83 ; mortgages,* $101,898, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 



$320,382 83 
105,000 00 

2,412,904 75 

72,901 93 

111,438 20 



Total ledger assets, $3,022,627 71 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $1,528.47; collateral loans, $579.20, . . 2,107 67 

Market value of real estate over book value, . . . . 19,715 17 

Market value of stocks and bonds over book value, . . 58,518 25 



Gross assets, $3,102,968 80 

Assets not admitted. 
Agents 1 debits over three months due, 10,589 83 



Total admitted assets, $3,092,378 97 

Liabilities. 

Unpaid losses, including $6,925 resisted, $62,184.17 ; less 

reinsurance, $223.94, $61,960 23 

Unearned premiums on outstanding risks, .... 602.277 67 

Reclaimable on perpetual fire policies, 982,693 12 

Commissions and other charges due agents and brokers, . 24,384 22 



All liabilities, except capital and surplus, . . . $1,671,315 24 

Surplus to policy holders $1,421,063 73 

Paid-up capital, 400,000 00 

Surplus over capital and general liabilities, .... 1,021,063 73 



Total liabilities, $3,092,378 97 

* Value of property, $456,845; insurance on buildings, $223,167. 



FRANKLIN FIRE INSURANCE CO. 



229 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$97,872,675 00 $1,069,271 63 
. 65,877,097 00 826,889 07 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in -force, . 



$163,749,772 00 $1,896,160 70 
. 59,818,472 00 718,352 75 



$103,931,300 00 $1,177,807 95 
. 4,734,321 00 54,982 90 



,196,979 00 $1,122,825 05 



Perpetual risks in force (not included above), $49,867,188 00 $1,069,601 89 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), . 

Company's stock owned by directors, . 



$34,221,498 00 

18,105,271 00 

363,962 00 

5,994,000 00 

80,000 00 

19,500 00 



Schedule A. 

Securities held as Collateral. 



100 shares United Steel Corporation, 

140 " Lehigh Coal & Navigation Co., 

200 " United Gas Improvement Co., 

300 " Philadelphia Electric Co., . 

1,000 " Philadelphia Electric Co , . 

100 " Cambria Iron Co., 

100 " United Gas Improvement Co., 

200 " Reading Co., .... 

1,000 " Cambria Steel Co., 

300 " United Gas Improvement Co., 

300 " Philadelphia Electric Co., . 

Schedule B. 



Stocks and Bonds owned by the 

26 shares Girard National Bank, . 

50 " First National Bank, 
100 " Southwark National Bank, . 

25 " Penn. Co. for Ins. on Lives, etc., 
300 " Philadelphia Traction Co., 
Shamokin, Sunbury & Lewisburg R.R. bonds, 
Huntingdon & Broad Top R.R. bonds, 
Lehigh Valley R.R. bonds, .... 



Market Value. Loaned Thereon 

$3,500 00 >| 
10,220 00 



22,200 00 
2,400 00 ] 
8,000 OO^j 
4,700 00 

11,100 00 1 
8,100 00 J 

26,000 00 > 

33,300 00 | 
2,400 00 J 



\ $30,000 00 



\ 25,000 00 



50,000 00 



$131,920 00 $105,000 00 



Company. 

Book Value. 

$5,200 00 

11,750 00 

12,277 25 

11,830 00 

29,437 50 

10,594 45 

21,025 00 

34,172 50 



Market Value. 

$6,578 00 

10,000 00 

7,000 00 

15,625 00 

29,400 00 

10,500 00 

20,800 00 

30,250 00 



230 



FRANKLIN FIRE INSURANCE CO. 



Penn. & N. Y. Canal & R.R. bonds, . 

Philadelphia & Erie R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, . 

Belvidere Delaware R.R. bonds, 

Phila., Wilm. & Baltimore R.R. bonds, . 

Chicago & Western Indiana R.R. bonds, . 

Pennsylvania R.R. collateral trust loan, . 

Easton & Amboy R.R. bonds, . 

Elmira & Williamsport R.R. Co. bonds, . 

Phila. Wilm. & Balto. R.R. trust certificates, 

West Jersey R.R. bonds, .... 

New York Central R.R. bonds, 

Harrisb'g, Portsm'th, Mt. Joy & Lane. R.R. b'ds 

Northern Central R.R. bonds, . 

Steubenville & Indiana R.R. Co. bonds, . 

Camden & Atlantic R.R. bonds, 

Northern Central R.R. bonds, . 

River Front R.R. bonds, . 

Camden & Atlantic R.R. Co. bonds, 

Northern Central R'y bonds, 

Lehigh Valley R.R. Co. bonds, 

Philadelphia & Baltimore Central R.R. bonds 

Penna. & New York Canal & R.R. Co. bonds, 

Lehigh Valley R.R. car trust bonds, 

Wilmington & Weldon R.R. bonds, . 

West Jersey & Seashore R.R. bonds, 

Pitts., Chartiers & Youghiogheny R.R. bonds, 

Chicago, Rock Island & Pacific R.R. Co. bonds, 

Lehigh & Hudson River R'y Co. bonds, . 

Erie & Pittsburg R.R. Co. bonds, . 

West Jersey & Seashore R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

New York, Phila. & Norfolk R.R. bonds, 

Pitts., Cine, Chicago & St. Louis R.R. bonds, 

Erie R.R. Equipt. trust bonds, 

Lehigh Valley R.R. Equipt. trust bonds, 

Rio Grande Western R.R. bonds, 

Lehigh Valley R.R. bonds, 

Southern R'y Co. car trust bonds, 

Wilmington & Northern R.R. st'k trust ctfs., 

Reading Co. R.R & Marine Equipt. trust b'ds 

Baltimore & Ohio R.R. bonds, . 

Pennsylvania Co. bonds, . 

Erie R.R. car trust bonds, . 

Norfolk & Western R.R. bonds, 

Reading R.R. Equipt. trust bonds, 

Baltimore & Ohio R.R. bonds, . 

Norfolk & Western R.R. bonds, 

Chicago, Rock Island & Pacific R'y bonds, 



Book Value. 

$11,550 00 
34,973 33 
15,005 00 
21,000 00 
10,000 00 

1,117 50 
31,200 00 
25,916 67 

9,950 00 
24,629 17 
28,654 67 
25,468 75 

23.500 00 
14,550 00 
62,658 75 
16,622 50 
11,477 50 
16,780 00 
11,550 00 
16,103 00 

66.501 25 
1,077 78 
2,857 50 

50,000 00 
50,000 00 
25,000 00 
50,000 00 
70,000 00 
25,000 00 
49,640 97 
100,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
22,894 45 
40,000 00 
20,000 00 
59,986 66 
50,000 00 
23,937 50 
98,027 41 
25,000 00 
20,000 00 
25,000 00 
20,000 00 
73,801 66 
49,313 88 



Market Value. 

fl 1,100 00 
37,800 00 
16,350 00 
22,470 00 
10,800 00 
1,050 00 
32,100 00 
28,5' -U 00 
11,000 00 
26,750 00 
28,500 00 
25,000 00 
26,500 00 
18,750 00 
66,600 00 
17,250 00 
12,260 00 
16,800 00 
11,550 00 
14,840 00 
68,900 00 
1,040 00 
3,000 00" 
50,500 00 
52,500 00 
2(5,750 00 
50,000 00 
76,300 00 
26,250 00 
50,000 00 
100,000 00 
50,000 00 
51,000 00 
47,500 00 
51,000 00 
50,000 00 
23,000 00 
42,800 00 
19,600 00 
58,800 00 
50,000 00 
24,250 00 
98,000 00 
•25,250 00 
20,000 00 
25,000 00 
19,400 00 
73,500 00 
50,000 00 



GERMAN INSURANCE CO. 



231 



United Railways Co. of St. Louis, Mo., bonds, 

Lehigh Coal & Navigation Co. bonds, 

Lehigh Valley Coal Co. bonds, 

Susquehanna Coal Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 

Philadelphia & Reading Coal & Iron Co. bonds 

Delaware River Ferry Co. bonds, 

Girard Point Storage Co. bonds, 

Philadelphia Traction Co. bonds, 

Newport & Cincinnati Bridge Co. bonds, 

Edison Electric Light Co. bonds, 

Inf. Battalion, State Fencibles, N. G., Pa., b'ds, 

United Traction Co., of Pitts., Pa., bonds, 

Federal St. and Pleasant Val. Pass. R'y Co. b'ds, 

Elec, & People's Traction Co. trust certificates, 

Philadelphia Electric gold trust certificates, 

Philadelphia Co., Pittsburgh, Pa., bonds, 

City of Springfield, 111., bonds, 

City of Sandusky, O., bonds, 

Borough of Sewickly, Pa., bonds, 

City of Dayton, O., bonds, 

Borough of Downingtown, Pa , bonds, 

City of Camden, N. J., bonds, . 

City of Lancaster, Pa., bonds, . 

County of Cameron, Pa , bonds, 

Mohongahela City, Pa., bonds, . 

County of Gloucester, N. J., bonds, . 



Book Value. 

$41,372 21 
10,000 00 
20,630 56 
16,825 00 
51,062 50 
25,000 00 

6,000 00 
16,329 83 
33,883 82 
25,000 00 
29,775 00 

2,000 00 
29,625 00 
10,000 00 
22,250 00 
24,895 00 

5,000 00 

2,092 78 
39,248 75 
20,942 53 
29,137 50 

9,405 00 
10,266 67 

4,130 00 
20,000 00 
59,000 00 
32,000 00 



Market Value. 

$39,150 00 
10,900 00 
21,600 00 
17,250 00 
52,500 00 
25,500 00 

6,300 00 
19,400 00 
34,980 00 
27,500 00 
33,600 00 

2,000 00 
34,800 00 
11,500 00 
24,750 00 
25,000 00 

5,550 00 

2,100 00 
39,200 00 
21,080 00 
29,200 00 

9,630 00 
10,350 00 

4,080 00 
21,400 00 
59,000 00 
32,640 00 



1,412,904 75 $2,471,423 00 



"GERMAN INSURANCE COMPANY OF FREEPORT," 
FREEPORT, ILL. 

[Incorporated February, 1865. Commenced business October, 1866.] 

Paid-up Capital, $200,000. 

C. O. COLLMANN, President. WM. TREMBOR, Secretary. 

Income. 

Net fire premiums, * $3,147,516 11 

Interest on mortgage loans, $92,555.69; collaterals, $722 

stocks and bonds, $50,797.94; all other, $8,101.45, . . 152,177 08 

Rents 2,413 12 

Profit on sale or maturity of ledger assets, .... 898 64 

From all other sources, 2,588 17 



Total income, 



Ledger assets, Dec. 31, 1901, . 
Total, 



$3,305,593 12 
3,558,956 50 

$6,864,549 62 



* Including $444,083.99 collected of previous years' premiums 



232 



GERMAN INSURANCE CO. 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 
Repairs and expenses on real estate, .... 
Real estate taxes, $148.23; other taxes and fees, 057,594.46 
Loss on sale or maturity of ledger assets, 

Premiums paid on bonds, 

Uncollected premiums charged off, 

Return premiums unpaid in 1901, 

All other disbursements, 



Total disbursements, 
Balance, 



$1,367,369 16 

40,000 00 

671,500 89 

156,355 88 

993 25 

57,742 69 

153,700 00 

2,706 25 

4,897 87 

16,651 88 

115,649 15 

$2,587,567 02 

$4,276,982 60 



Ledger Assets. 

Real estate, $97,163.25; mortgages,* $2,054,309.96, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Bills receivable, 



Total ledger assets, 



$2,151,473 21 

7,700 00 

1,294,861 26 

349,520 43 

421,442 30 

51,985 40 

1 

$4,276,982 60 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $55,946.88; stocks and bonds, $17,778.16 ; 

collateral loans, $151.96, 73,877 00 

Market value of stocks and bonds over book value, . . 98,562 75 



Gross assets, 



$4,449,422 35 



Assets not admitted. 

Agents' debits over three months due, . . $18,246 71 

Bills receivable, past due, .... 1,815 30 

Total unadmitted assets, .... 



Total admitted assets, 



20,062 01 
. $4,429,360 34 



Liabilities. 

Unpaid losses, including $16,300 resisted, $ 163,536. 30; less 

reinsurance, $11,867.87, 8151,668 

Unearned premiums on outstanding risks, .... 2,673,620 



43 
10 



* Value of land, $4,177,200; buildings, $1,920,550; insurance thereon, $S6S,215. 






GERMAN INSURANCE CO. 



233 



Commissions and other charges due agents and brokers, . $85,315 10 

All other, 64,846 58 

All liabilities, except capital and surplus, . . . $2,975,450 21 
Surplus to policy holders, .... $1,453,910 13 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 1,253,910 13 

Total liabilities, $4,429,360 34 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$359,132,104 00 $4,586,576 79 
. 248,609,215 00 3,539,336 71 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$607,741,319 00 $8,125,913 50 
. 208,713,322 00 2,964,142 92 



$399,027,997 00 $5,161,770 58 
. 7,952,699 00 137,350 52 



$391,075,298 00 $5,024,420 06 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, . 



$33,993,223 00 

16,473,897 00 

1,349,480 00 

1,099,665 00 

40,000 00 

78,900 00 



Schedule A. 
Securities held as Collateral. 



80 shares German Bank, Freeport, 111., . 
30 " First Nat'l Bank, Blue Hill, Neb., 



Schedule B. 
Stocks and Bonds owned by the 



Freeport,' 111., school bonds, 

Urbana, 111., city hall bonds, . 

Elgin, 111., school bonds, .... 

Macon Co., 111., court house bonds, . 

Lake and Hyde Park, Cook Co., school bonds 

Oregon, 111., school bonds, 

Mt. Vernon, 111., school bonds, 

Monroe Co., 111., funding bonds, 

Cicero, Cook Co., 111., funding bonds, 



Market Value. Loaned Thereon. 

$12,000 00 $5,700 00 



3,000 00 



Company. 

Book Value. 

$34,500 00 
13,000 00 

6,000 00 
25,000 00 

1,000 00 
12,000 00 
10,000 00 
10,000 00 

1,500 00 



2,000 00 



$15,000 00 $7,700 00 



Market Value. 

$35,310 00 
13,910 00 

6,360 00 
27,500 00 

1,070 00 
12,000 00 
10,500 00 
10,000 00 

1,515 00 



234 



i.EKMAX INSl KAXCE CO. 



East St. Louis, 111., school bonds, 

Danville, 111 , city sewer bonds, 

Wheaton, 111., city bonds, 

Gilman, 111., school bonds, 

Danville Junction, 111., school bonds, 

Mt. Morris, 111., school bonds, . 

Mattoon, 111., township refunding bonds, 

Eldorado, 111., school bonds, 

Pecatonica, 111 , school bonds, . 

Monmouth, 111 , water bonds, . 

Marshall Co., 111., school bonds, 

Woodhull, 111., school bonds, . 

Marengo, 111., city bonds, . 

Streator, 111., improvement bonds, . 

Blue Island, 111., village bonds, 

Freeport, 111 , Light & Fuel Co. bonds, 

Warren, 111., water bonds, 

Carmi, 111 , school bonds, . 

Omaha, 111., school bonds, 

Greenville, 111., school bonds, . 

Watseka, 111., school bonds, 

Amboy, 111., school bonds, 

Ogden, Champaign Co., 111., school bond 

Kankakee, 111., improvement bonds, 

Rockvale, 111., school bonds, 

Grossdale, 111., bridge bonds, . 

Orangeville, 111., village bonds, 

Quincy, 111 , funding bonds, 

Anna, 111 , school bonds, . 

Paxton, 111., school bonds, 

Evansville, Ind., school bonds, . 

Drummer Twp., Ford Co., 111., funding bonds 

Gifford, 111., school bonds, 

Rock Island, 111., funding bonds, 

Charleston, 111., funding bonds, 

Muscatine, Iowa, school bonds, 

Bloomington, 111., school bonds, 

Evansville, Ind., funding bonds, 

Meredosia, III., drainage bonds, 

Maywood, 111., bonds, 

Pekin, 111 , refunding bonds, 

Normal, 111., water bonds, 

St. Charles, 111., school bonds, . 

Morris, 111., school bonds, 

Oregon, 111., town refunding bonds, 

Momence, 111., town funding bonds, 

East Lincoln, 111., town funding bonds, 

White Co., 111., funding bonds, . 



Book Value. 

$10,000 00 

8,000 00 

10,000 00 

5,500 00 

11,000 00 

500 00 

6,000 00 

4,000 00 

7,000 00 

5,000 00 

4,000 00 

3,000 00 

1,500 00 

163 35 

8,000 00 

9,000 00 

6,000 00 

4,000 00 

2,500 00 

10,000 00 

4,000 00 

7,300 00 

1,500 00 

13,000 00 

100 00 

4,000 00 

900 00 

26,000 00 

5,500 00 

8,000 00 

10,000 00 

5,000 00 

1,000 00 

15,000 00 

18,000 00 

10,000 00 

10,000 00 

5,000 00 

100 00 

5,000 00 

17,000 00 

20,000 00 

10,900 00 

3,500 00 

30,000 00 

15,000 00 

15,000 00 

10,000 00 



Market Value. 

$11,100 00 

8,320 00 

10,700 00 

5,885 00 

12,320 00 

.5 00 

6,600 00 

4,160 00 

7,420 00 

5,500 00 

4,400 00 

3,030 00 

1,500 00 

163 35 

8,880 00 

9,000 00 

6,300 00 

4,200 00 

2,750 00 

10,000 00 

4,08- 

7,738 00 

1,530 00 

13,650 00 

100 00 

4,280 00 

918 00 

27,400 00 

5,500 00 

8,160 00 

10,400 00 

5,450 00 

1,010 00 

16,200 00 

19,440 00 

10,000 00 

10,200 00 

5,140 00 

105 00 

5,200 00 

17,510 00 

22,000 00 

11,445 00 

3.535 00 

31,500 00 

15,750 CO 

15,300 00 

10,700 00 



GERMAN INSURANCE CO. 



235 



East St. Louis, 111., school bonds, 
Muscatine, Iowa, refunding bonds, . 
Lawrenceville, 111., city bonds, . 
Cornell, 111., village bonds, 
Chicago Heights, 111., water bonds, . 
Pana, 111., Twp. funding bonds, 
Monmouth, 111., refunding bonds, . 
DuQuoin, 111., refunding bonds, 
Hawthorne, 111. (Cook Co.), school bonds, 
Jerseyville, 111., refunding bonds, . 
Monroe, Wis., water bonds, 
Windsor, 111., town funding bonds, . 
Bloom, Cook Co., Ill , town bonds, . 
Council Bluffs, Iowa, refunding bonds, . 
Elmwood, 111., refunding bonds, 
Piper Cit} r , 111., school bonds, 
Georgia State bonds, 
Colchester, 111., school bonds, 
Nunda, 111., water bonds, . 
Marshall, 111., water bonds, 
Carrollton, 111., water bonds, 
Viola, 111., village bonds, . 
Carmi, 111., water bonds, . 
Chicago, Burl. & Quincy R.R. bonds, 
Chicago, Rhode Island & Pacific R.R. bonds, 

I. C. R.R. bonds, 

Elgin, Joliet & Eastern R'y bonds, . 
Chicago, Milwaukee & St. Paul R'y bonds, 
Chicago, Burl. & Quincy R.R. bonds, 
Chicago & Eastern Illinois R'y bonds, 
Chicago & Alton R'y bonds, 
B. & O. R'y So. Western Division bonds, 
Baltimore & Ohio bonds, .... 
Chicago, Burlington & Quincy Joint bonds, 
Atchison, Topeka & Santa Fe bonds, 
Union Pacific R.R. bonds, .... 
Pennsylvania R.R. bonds, .... 
Reading Co. & Philadelphia & Reading bonds 
Northern Pacific R.R. bonds, . 
Norfolk & Western R'y bonds, . 

Erie R.R. bonds, 

Minnehaha Nat'l Bank st r k, Sioux F., S. Dak., 
Western Underwriters' Asso. Inc., Chic, 111., . 



Book Value. 

$17,000 00 

25,000 00 

4,350 00 

800 00 

3,000 00 

29,000 00 

3,000 00 

3,000 00 

2,000 00 

11,000 00 

75,000 00 

9,500 00 

10,000 00 

13,000 00 

8,500 00 

8,000 00 

10,000 00 

4,900 00 

6,000 00 

9,000 00 

6,000 00 

1,600 00 

9,000 00 

20,000 00 

35,000 00 

50,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

17,050 00 

22,687 50 

25,000 00 

23,968 75 

9,487 50 

10,000 00 

10,000 00 

9,700 00 

7,250 00 

25,000 00 

9,737 50 

4,366 66 

198,000 00 



Market Value. 

$18,020 00 

27,250 00 

5,263 50 

816 00 

3,420 00 

29,580 00 

3,330 00 

3,390 00 

2,220 00 

11,110 00 

79,500 00 

10,260 00 

10,000 00 

14,300 00 

8,585 00 

9,200 00 

10,400 00 

5,096 00 

6,000 00 

9,900 00 

7,260 00 

1,600 00 

9,270 00 

19,350 00 

37,275 00 

52,283 75 

11,162 50 

11,675 00 

21,375 00 

12,012 50 

15,650 00 

21,968 75 

25,375 00 

23,625 00 

9,062 50 

10,550 00 

10,550 00 

9,525 00 

7,187 50 

24,750 00 

9,750 00 

4,366 66 

245,000 00 



$1,294,861 26 $1,393,424 01 



236 GERMAN ALLIANCE INSURANCE CO. 



"GERMAN ALLIANCE INSURANCE COMPANY" 
NEW YORK, N. Y. 

[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897-1 

Paid-up Capital, $400,000. 

WM. M. KREMER, President. CHARLES G. SMITH, Secretary. 

Income. 

Net fire premiums, * £496,358 37 

Interest on stocks and bonds, £41,807 . 25 ; all other, £ 1,925 . 43, 43,732 68 
Profit on sale or maturity of ledger assets, .... 1,497 75 

Total income, 8541,588 80 

Ledger assets, Dec. 31, 1901, 973,482 42 

Total, £1,515,071 22 

Disbursements. 

Net amount paid for fire losses, £199,022 10 

Interest and dividends to stockholders, 24,000 00 

Commissions or brokerage, 100,225 48 

Salaries, fees, etc., of officers and employees, .... 4,104 35 

Taxes and fees, 25,055 33 

Total disbursements, £352,407 26 

Balance, £1,162,663 96 

Ledger Assets. 

Stocks and bonds (schedule A) £1,030,200 43 

Cash in banks and office, 29,069 77 

Agents' debits (gross), . . 103,393 76 

Total ledger assets, £1,162.663 96 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 82,146 57 

Gross assets, . . . . " £1,244,810 53 

Assets not admitted. 
Special deposits less 823,327.65 liability thereon, . . . 65,472 35 

Total admitted assets, £1.179,338 18 

* Including $S7,329.57 collected of previous years' premiums. 



GERMAN ALLIANCE INSURANCE CO. 



237 



Liabilities. 

Unpaid losses, $63,223 75 

Unearned premiums on outstanding risks, .... 287,383 76 

Commissions and other charges due agents and brokers, . 30,638 68 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$798,091 99 



$381,246 19 

400,000 00 
398,091 99 



Total liabilities, $1,179,338 18 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . .$57,205,452 00 $486,605 45 
Fire risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, 



. 48,918,363 00 509,084 13 



$106,123,815 00 $995,689 58 
. 48,283,490 00 440,263 29 



. $57,840,325 00 $555,426 29 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$1,691,030 00 

904,933 00 

198,845 00 

48,000 00 

24,000 00 

77,200 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

200 shares Chicago and Northwestern R.R,, . $32,837 50 $43,000 00 

500 " Chicago, Mil. & St. Paul R.R., . 74,361 94 92,500 00 

500 " Hocking Valley R.R 41,100 00 42,500 00 

396 " Illinois Central R.R., . . . 51,713 75 53,460 00 

2,053 " Pennsylvania R.R., . . . 120,705 00 148,842 00 

100 ft Rensselaer & Saratoga R.R., . 18,250 00 20,500 00 

500 " Southern Railway, . . . 46,850 00 45,000 00 

500 " Union Pacific R.R., . . . 41,650 00 42,500 00 

100 " Central National Bank, . . 17,250 00 16,500 00 

100 " National Bank of Commerce, . 20,556 25 30,000 00 

50 " Consolidated Gas Co., . . . 10,643 75 10,000 00 

United States bonds, 170,387 01 182,200 00 

New York city bonds 105,088 07 102,250 00 

Atchison, Topeka & Santa Fe R'y bonds, . 33,542 23 33,000 00 

Central R.R. of New Jersey bonds, . . . 22,368 50 26,000 00 

Chicago, Burl. & Quincy R.R. bonds, . . 1,500 00 1,900 00 



238 



(JKIiMAX-AMERICAN IN8UBANCE CO. 



Chicago & E. Illinois Railroad bonds, 

Missouri, Kansas & Texas R'y bonds, 

Northern Pacific-Great N. R.R. Joint bonds, 

Oregon Short Line bonds, 

Pennsylvania R.R. bonds, 

Second Avenue R.R. bonds, 

Southern R.R. Co. bonds, . 

Utah & Northern R.R. bonds, 

Edison Electric Illuminating Co. bonds, 

Kanawha & Hocking Coal & Coke Co. bonds, 

Western Union Telegraph Co. bonds, 



Hook Value. 

<32,125 00 
21,766 25 
27,992 50 

5,400 00 
36,537 50 
27,531 25 
11,723 64 
24,000 00 
11,695 83 
20,500 00 

2,124 46 



Market Value. 

132,500 00 
23,750 00 
26,600 00 

5,520 00 
37,275 00 
28,750 00 
11,500 00 
22,400 00 
11,700 00 
20,000 00 

2,200 00 



$ 1,030,200 43 $1,112,347 00 



" GERMAN-AMERICAN INSURANCE COMPANY, 1 ' NEW YORK, N. Y. 

[Incorporated March, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,000,000. 

WM. N. KREMER, President. CHARLES G. SMITH, Secretary. 

Income. 

Net fire premiums, * f 5,259,559 46 

Interest on mortgage loans, $ 520 ; stocks and bonds, 

$329,818.66; all other, $16,271.71, 346,610 37 

4,386 75 
19,776 73 



Rents, 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, § 1 ,247 . 57 ; other taxes and fees, $108,457 . 36, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Real estate, f 15,000; mortgages,! $ 13,000, 
Stocks and bonds (schedule A), 



$5,630,333 31 
8,029,350 25 

f 13,659,683 56 



12,079,178 89 
300,000 00 
775,412 20 
213,111 74 
31,205 02 
2,066 42 
109,704 93 
340,815 11 

$3,851,494 31 

$9,808,189 25 



$28,000 00 
8,183,457 59 



* Including $751,794.57 collected of previous years' premiums. 

t Value of land, $8,000; buildings, $14,000; insurance thereon, $13,000. 



GE UMAX-AMERICAN INSURANCE CO. 239 

Cash in banks and office, $685,011 40 

Agents 1 debits (gross), 911,720 26 



Total ledger assets, $9,808,189 25 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $173; stocks and bonds, $31,015.40; other 

assets, $7,657.58, 38,845 98 

Market value of stocks and bonds over book value, . . 484,368 41 



Gross assets,* $10,331,403 64 

Assets not admitted. 

Agents' debits over three months due, . . $12,226 88 
Special deposits less $65,819.53 liab. thereon, . 70,680 47 

Total unadmitted assets, .... 82,907 35 



Total admitted assets, $10,248,496 29 

Liabilities. 

Unpaid losses, including $94,230 resisted, $595,496 ; less rein- 
surance, $82,253.32, $513,242 68 

Unearned premiums on outstanding risks, $3,715,225.74 ; plus 

same on disallowed reinsurance, $4,998.75, . . . . 3,720,224 49 

Salaries and other miscellaneous expenses due or accrued, . 4,098 34 

Commissions and other charges due agents and brokers, . 197,097 86 

Due for return premiums,$7,180. 21; reinsurance, $186,451.05, 193,631 26 



All liabilities, except capital and surplus, . . . $4,628,294 63 
Surplus to policy holders, .... $5,620,201 66 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, .... 4,620,201 66 



Total liabilities, $10,248,496 29 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, ' . 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Premiums. 

$874,227,120 00 $7,443,643 78 
. 694,609,805 00 7,026,602 51 



$1,568,836,925 00 $14,470,246 29 
.621,164,045 00 5,735,563 47 



$947,672,880 00 $8,734,682 82 
. 183,993,153 00 1,671,981 84 



Net amount in force, .... $763,679,727 00 $7,062,700 98 
* Including $500,000 special reserve held under New York laws. 



240 



GERMAN-AMERICAN INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent ), 
Company's stock owned by directors, .... 

Schedule B. 
Stocks and Bonds owned by the Company. 



?65,202,244 00 
34,625,192 00 
2,069,910 00 
5,290,000 00 
300,000 00 
109,500 00 



United States bonds, .... 

Brooklyn city bonds, 

New York city bonds, 

Portland, Ore., water bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Atlantic Coast Line R.R. bonds, 

Central R.R. of New Jersey bonds, . 

Chicago & Alton R'y bonds, 

Chicago & Eastern Illinois R.R. bonds, 

Chicago & Northwestern R'y bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

Cleveland, C, C. & St. Louis R.R. bonds, 

Erie R'y bonds, 

Hocking Valley R'y bonds, 

Little Miami R.R. bonds, .... 

Louis. & Nash. & Mobile & Mont. R.R. J't b'ds 

Louisville & Nashville R.R. bonds, . 

Minneapolis & St. Louis R.R. bonds, 

Minn., St. Paul & Sault Ste Marie R'y bonds, 

Montana Central R.R. bonds, ... 

Nashville, Chattanooga & St. Louis R'y bonds 

N. Y., Chicago & St. Louis R.R. bonds, . 

N. Y., Lackawanna & Western R.R. bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

N. Y., Susquehanna & Western R.R. bonds, 

Northern Pacific-Great Northern R.R. bonds, 

Oregon Short Line R.R. bonds, 

Pennsylvania Co. registered bonds, 

Pennsylvania R.R. bonds, . 

Southern Pacific Co. bonds, 

Southern R'y bonds, . 

St. Paul, Minn. & Manitoba R'y bonds, 

St. Lawrence & Adirondack R.R. bonds, 

St. Louis, Iron Mountain & So. R'y bonds 

Union Pacific R'y bonds, . 

Utah & Northern R.R. bonds, . 



Book Value. 

$284,102 20 

174,500 00 

885,111 08 
56,500 00 

118,310 83 

200,000 00 
75,184 25 
43,370 09 
31,446 00 

206,891 31 
51,500 00 

110,812 50 
64,000 00 
46,000 00 

280,899 25 
83,130 65 
27,500 00 

104,000 00 
74,830 55 
22,375 00 
24,562 50 
28,125 00 
24,937 50 
46,575 00 

130,000 00 
27,215 63 
51,968 75 

148,613 34 
19,800 00 
88,060 00 
50,000 00 
22,953 81 

117,854 95 
87,541 25 
27,125 00 

102,491 31 
79,928 90 
12,000 00 



Market Value. 

$286,000 00 

171,250 00 

860,770 00 
50,000 00 

115,000 00 

200,000 00 
74,750 00 
38,750 00 
32,500 00 

204,850 00 
50,000 00 

112,900 00 
62,500 00 
49,000 00 

264,000 00 
75,000 00 
25,000 00 

105,000 00 
72,500 00 
21,000 00 
23,750 00 
32,500 00 
25,000 00 
45,900 00 

125,000 00 
40,000 00 
53,250 00 

142,500 00 
20,240 00 
86,400 00 
52,500 00 
21,250 00 

115,000 00 
92,300 00 
27,500 00 

100,000 00 
75,000 00 
11,000 00 



GERMAN-AMERICAN INSURANCE CO. 



241 



West Shore R'y bonds, . • . 

Allegheny Street R'y bonds, 

Columbus & Ninth Avenue R.R. bonds, . 

Lexington Avenue & Pavonia Ferry R'y b'ds, 

Minneapolis L. & M. Street R'y bonds, . 

Metropolitan Street R'y Co. bonds, . 

N. Y. Gas, Electric Light, H. & P. Co. bonds, 

34th Street Crosstown R'y bonds, 

Troy (N. Y.) City R'y bonds, . 

Edison Elec. Illuminating Co. of N. Y. bonds, 

Kanawha & Hocking Coal & Coke Co. bonds, 

Western Union Telegraph Co. bonds, 

Standard Gas Light Co. bonds, 

100 shares Albany & Susquehanna R.R., 
1,910 " Baltimore & Ohio R.R., 
1,000 " Cayuga & Susquehanna R.R., 
2,000 " Chicago, Mil. & St. Paul R.R., 

700 " Chicago & Northwestern R.R., 

500 " Cleve., C, C. & St. Louis R.R., 

200 " Detroit, Hills. & Southwest'n R.R. 

500 " Delaware & Hudson Co., 

400 " Great Northern R.R., . 
1,022 " Hocking Valley R'y Co., 

960 " Illinois Central R.R., . 

100 " Minneapolis & St. Louis R.R., 
1,200 " Morris & Essex R.R., . 
2,633 " N. Y. & Harlem R.R., . 

390 " N. Y., N. H. & Hart. R.R., . 

200 " N. Y., Lackawanna & West. R.R. 
1,500 " Norfolk & Western R'y, 
5,000 " Pennsylvania R.R., 

750 " Pitts., C, C. & St. Louis R.R., 

450 " Pitts., Ft. Wayne & Chicago R.R. 

500 " Rensselaer & Saratoga R.R., 
2,250 " Southern R'y Co.,. 
2,000 " Union Pacific R.R., 

100 " American Ex. National Bank, 

400 " Central National Bank, 

400 u Fourth National Bank, . 

221 " German American Bank, 
90 " Merchants' National Bank, . 

300 " National Bank of Commerce, 

150 " Merchants' Trust Co., . 

200 " N. Y. Security & Trust Co., . 
1,150 " Consolidated Gas Co., . 

500 " Metropolitan Street Railway, 

400 " Pullman Co., 

700 " Standard Oil Co., . 



Book Value. 

$53,562 50 
25,000 00 
29,372 00 
29,000 00 
21,500 00 
36,579 86 
23,312 50 
56,250 00 
26,250 00 
37,829 17 
82,000 00 
26,000 00 
29,125 00 
17,000 00 

187,137 50 
40,500 00 

281,450 00 

111,285 00 
40,712 50 
19,400 00 
82,212 50 
40,453 50 
69,431 28 

122,842 50 

8,400 00 

98,100 00 

385,734 50 
69,225 00 
23,600 00 

127,587 50 

296,688 75 
72,743 75 
86,962 50 
90,500 00 

211,362 50 

169,237 50 
17,100 00 
63,180 88 
70,000 00 
17,901 00 
6,750 00 
60,000 00 
48,975 00 

160,000 00 

213,143 75 
69,937 50 
78,430 00 

219,475 00 



Market Value. 

|53,500 00 

25,000 00 

28,000 00 

28,000 00 

25,000 00 

39,200 00 

22,500 00 

55,000 00 

25,000 00 

40,250 00 

80,000 00 

27,500 00 

26,250 00 

19,500 00 

166,900 00 

58,500 00 

360,000 00 

147,000 00 

50,000 00 

20,000 00 

75,000 00 

72,000 00 

86,870 00 

124,800 00 

10,000 00 

108,000 00 

513,435 00 

78,000 00 

25,000 00 

112,500 00 

350,000 00 

71,250 00 

78,750 00 

95,000 00 

180,000 00 

160,000 00 

17,000 00 

66,000 00 

76,000 00 

19,061 00 

7,200 00 

90,000 00 

45,000 00 

200,000 00 

230,000 00 

65,000 00 

80,000 00 

385,000 00 



$8,183,457 59 $8,667,826 00 



242 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



"GERMAN FIRE INSURANCE COMPANY OF PEORIA," 

PEORIA, ILL. 

[Incorporated May 1, 1876. Commenced business May 10, 1876.] 

Paid-up Capital, $200,000. 

BERNARD CREMER, President. CHARLES CREMER, Secretary. 

Income. 

Net fire premiums, $186,112 09 

Interest on mortgage loans, $18,310 ; collaterals, $3,000.10 ; 

stocks and bonds, $3,738, 25,048 10 

Rents, 480 00 



Total income, . $211,640 19 

Ledger assets, Dec. 31, 1901 486,587 95 



Total $698,228 14 



Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $60 ; other taxes and fees, $4,650 

All other disbursements, 

Total disbursements, 

Balance, 



70, 



$66,268 84 

18,000 00 

33,228 65 

6,060 00 

600 00 

45 93 

4,710 70 

11,393 94 

$140,308 06 

$557,920 08 



Ledger Assets. 

Real estate, $7,000 ; mortgages,* $241,792.02, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 



$248,792 02 

67,818 55 

107,570 00 

90,141 70 

43,597 81 

$557,920 08 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages. 86,305.06; stocks and bonds, 81,787.50 ; col- 
lateral loans, $977.53, 

Market value of stocks and bonds over book value, 



Gross assets, 



9,070 09 
12,245 00 

8579,235 17 



* Value of land, $62-2,700; buildings, $344,500; insurance thereon, $223,500. 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



243 



Liabilities. 

Unpaid losses, including $8,300 resisted, $ 11,793 29 

Unearned premiums on outstanding risks, $ 160,146.01 ; plus 

same on disallowed reinsurance, $1,033.80, . . . 161,179 81 

Commissions and other charges due agents and brokers, . 10,899 45 

All liabilities, except capital and surplus, . . . $183,872 55 
Surplus to policy holders, . . - . . $395,362 62 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 195,362 62 

Total liabilities $579,235 17 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

,442,136 00 $235,975 27 
16,055,162 00 227,651 05 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $35,497,298 00 $463,626 32 
11,605,722 00 156,519 40 



. $23,891,576 00 $307,106 92 
456,366 00 6,464 82 



.$23,435,210 00 $300,642 10 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), 
Company's stock owned by directors, . 



.$4,030,489 00 

1,458,875 00 

74,440 00 

275,000 00 

18,000 00 

158,264 00 



Schedule A. 

Securities held as Collateral. 

Market Value. 

$65,000 00 



400 shares German Amer. N'l B'k, Peoria, 111., 

CA U (( t( M It U (C 

General Electric bonds, 

35 shares First Nat'l Bank, Peoria, 111., . 

30 " Commercial Nat'l B'k, Peoria, 111., 

25 " National Hotel Co., Peoria, 111., 

120 " Colburn Birks & Co., Peoria, 111., . 



50 



State Bank, Chicago, 111., 



8,500 00 
2,200 00 : 
4,900 00 
6,000 00 
3,250 00 
15,000 00 
13,000 00 



Loaned Thereon. 

$37,000 00 
8,000 00 

3,000 00 
5,000 00 

8,000 00 
6,818 55 



$117,850 00 $67,818 55 



244 



GERMAN FIRE INSURANCE TO. 



ISCHEDULE B. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

C. & A. R.R. bonds, .... . f 8,500 00 *8,500 00 

City of Peoria bonds, 34,700 00 36,645 00 

Peoria General Electric bonds, . . . 10,000 00 11,000 00 

150 shares German American National Bank, . 23,500 00 25,500 00 

83 " Peoria National Bank, . . . 9,545 00 11,620 00 

50 " Commercial National Bank, . . 5,750 00 10,000 00 

105 " Home Savings and State Bank, . 10,575 00 11,550 00 

50 s' Loan Association Denver, Col., . 5,000 00 5,000 00 



f 107,570 00 $119,815 00 



"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH, 1 ' PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1862. J 

Paid-up Capital, $200,000. 
A. E. SUCCOP, President. A. H. ECKERT, Secretary. 

Income. 

Net fire premiums, $386,585 97 

Interest on mortgage loans, $ 13,844. 29 ; collaterals, $3,504. 01 ; 

stocks and bonds, $ 5,024. 80, 22,373 10 

Rents, 148 91 

From all other sources, 4,086 64 

Total income f 413,194 62 

Ledger assets, Dec. 31, 1901, 492,436 17 

Total, \ $905,630 79 



Disbursements. 

Net amount paid for fire losses, ...... $179,977 64 

Interest and dividends to stockholders, * 20,000 00 

Commissions or brokerage, 89,839 93 

Salaries, fees, etc., of officers and employees, .... 14,169 96 

Rents, 3,466 64 

Taxes and fees, 8,336 22 

All other disbursements, 17,892 05 

Total disbursements, $333,682 44 

Balance, $571,948 35 



GERMAN FIRE INSURANCE CO. 



245 



Ledger Assets. 

Real estate, $91,000.35 ; mortgages,* $196,915, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents 1 debits (gross), 



$287,915 35 

55,550 00 

107,253 93 

35,292 21 

85,936 86 



Total ledger assets, $571,948 35 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,674.16 ; stocks and bonds, $373.37, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



3,047 53 
20,449 65 
43,570 32 



Gross assets, $639,015 85 



Liabilities. 

Unpaid losses, $30,612.50 ; less reinsurance, $66.01, 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$299,142 84 



$30,546 49 

305,536 23 

2,539 17 

1,251 12 

$339,873 01 

200,000 00 
99,142 84 



Total liabilities, $639,015 85 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . . $42,035,981 00 $493,010 74 
Fire risks written during 1902, . . . 39,343,497 00 481,882 23 

Total, 

Risks expired and terminated, . 

In force at end of year, . 

Amount reinsured, .... 

Net amount in force, . . . . .$47,965,268 00 $575,454 69 



. $81,379,478 00 $974,892 97 
. 32,161,183 00 383,962 60 



.$49,218,295 00 $590,930 37 
. 1,253,027 00 15,475 68 



Value of land, $259,100; buildings, $305,450; insurance thereon, $207,050 



246 



GERMAN FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$6,642,221 00 

3,262,240 00 

181,310 00 

778,000 00 

150,000 00 

20,000 00 

27,200 00 



Schedule A. 

Securities held as Collateral. 



Westinghouse Air Brake Co. stock, 
Pittsburg Coal Co. stock, . 
National Fire Roofing Co. stock, 
Union Switch & Signal Co. stock, 
American Window Glass Co. stock, 
Diamond National Bank stock, 
Monongahela River Coal Co. stock, 
Union Trust Co. stock, 
City Deposit Bank stock, . 
South Side Trust Co. stock, 
Diamond National Bank stock, 
Safe Deposit & Trust Co. stock, 
Germania Savings Bank stock, . 



Market Value. Loaned Thereon. 

$7,875 00 >| 
5,625 00 
4,950 00 



9,000 00 y 
5,212 50 
6,160 00 
1,100 00 

30,000 00 
4,000 00 

10,300 00 
4,400 00 
4,920 00 
7,500 00 



$29,050 00 



5,000 00 
9,300 00 
7,700 00 
4,500 00 



$101,042 50 $55,550 00 



Schedule B. 
Stocks and Bonds owned by the 

102 shares German Nat'l Bank, Pittsburgh, 

100 

100 

100 

43 
3 

10 
100 

90 



Third National Bank, Pittsburgh, 
Exchange National Bank, Pitts., 
Allegheny Nat'l Bank, Pittsburgh, 
Mer. & Manuf. Nat'l Bank, Pitts., 
Metropolitan Nat'l Bank, Pitts., 
Fifth Avenue Bank, Pittsburgh, 
First National Bank, Allegheny, 
Second National Bank, Allegheny, 
Alleppo township school bonds, 
Millvale, Etna & Sharpsburg St. R'y bonds, 
Pitts. & Birm. Traction Co. bonds, . 



Company. 

Book Value. 

$10,200 00 

15,053 50 

8,053 00 

7,260 50 

3,526 00 

300 00 

400 00 

16,852 50 

23,910 00 

1,438 29 

11,891 25 

8,368 89 



Market Value. 

$26,520 00 

19,500 00 

11,000 00 

13,000 00 

5,848 00 

540 00 

700 00 

14,000 00 

36,000 00 

1,470 00 

12,966 25 

9,280 00 



$107,253 93 $150,824 25 



GERMANIA FIRE INSURANCE CO. 



247 



"GERMANIA FIRE INSURANCE COMPANY, 11 NEW YORK, N. Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1S59.J 
PAiD-ur Capital, $1,000,000. 
HUGO SCHUMANN, President. CHARLES RUYKHAVER, 

gustav kehr, 

Income. 

Net fire premiums, * 

Interest on mortgage loans, $18,159.54; stocks and bonds, 

$163,717.76; all other, $4,253.22, 

Rents, 

Profit on sale or maturity of ledger assets, .... 



Secretaries. 



.,842,018 79 

186,130 52 
21,584 65 
37,780 87 



Total income, $2,087,514 83 

Ledger assets, Dec. 31, 1901, 5,148,472 28 



Total, 17,235,987 11 

Disbursements. 
Net amount paid for fire losses, 



Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 
Real estate taxes, f 9,048. 29 ; other taxes 

Profit and loss, 

All other disbursements, . 

Total disbursements, . 

Balance, ..... 



and fees, $46,383. 13 



Ledger Assets. 
Real estate, $667,324.27 ; mortgages,! $353,000, . 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 debits (gross), 

Cash in hands of department managers, . 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 
Rents due and accrued on company^ property, 
Market value of stocks and bonds over book value, 



$958,501 76 

160,000 00 

331,177 57 

145,968 94 

21,514 01 

17,612 19 

55,431 42 

14,368 00 

73,606 40 

$1,778,180 29 

$5,457,806 82 



$1,020,324 27 

3,834,911 04 

249,969 59 

327,027 25 

25,574 67 

$5,457,806 82 



8,273 75 

2,484 13 

181,291 96 



Gross assets, $5,649,856 66 



* Including $17,651.30 collected of previous years' premiums. 

t Value of land, $220,500; buildings, $379,500; insurance thereon, $341,500. 



248 



GERMANIA FIRE INSURANCE CO. 



Assets not admitted. 
Agents 1 debits over three months due, . . $6,378 96 

Special deposits less $34,488.62 liability 

thereon, 29,474 38 

Total unadmitted assets, .... $35,853 34 



Total admitted assets, 



. 15,614,003 32 



Liabilities. 
Unpaid losses, including $15,590 resisted, $161,087.97; less 

reinsurance, $37,434.83, $123,653 14 

Unearned premiums on outstanding risks, $1,927,600.83 ; plus 

same on disallowed reinsurance, $5,801.07, . . . 1,933,40190 

Commissions and other charges due agents and brokers, . 49,340 03 



All liabilities, except capital and surplus, . . .$2,106,395 07 

Surplus to policy holders, .... $3,507,608 25 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 2,507,608 25 



Total liabilities, $5,614,003 32 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

$436,754,403 00 $3,608,961 73 
.260,119,652 00 2,411,292 91 



$696,874,055 00 $6,020,254 64 
. 241,147,579 00 1,998,503 20 



$455,726,476 00 $4,021,751 44 
. 42,103,075 00 399,422 85 



$413,623,401 00 $3,622,328 59 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (16 per cent ), 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

United States bonds, $540,000 00 

Baltimore & Ohio R.R. Co. bonds, . . . 6,000 00 

Brooklyn Union Elevated R.R. Co. bonds, . 13,050 00 

Chesapeake & Ohio R'y Co. bonds, . . . 29,057 50 

Chicago & Northwestern R'y Co. bonds, . . 86,878 75 



$38,948,577 00 

19,398,329 00 

977,520 00 

3,651,000 00 

160,000 00 

215,300 00 



Market Value. 

8540,000 00 

6,060 00 

15,300 00 

30,600 00 

87,750 00 



GERMANIA FIRE INSURANCE CO. 



249 



Cleve., Col., Cin., & Indiana R.R. Co. bonds, . 

Denver & Rio Grande R.R. Co. bonds, 

Dry Dock, E. Broadw'y & Bat. R.R. Co. bonds, 

East. Tenn., Virginia & Georgia R'y Co. b'ds, 

Edison Electric Illuminating Co. bonds, . 

Flint & Pere Marquette R R. Co. bonds, . 

Georgia State bonds, .... 

Kentucky Central R'y Co. bonds, 

Lehigh Valley R'y Co. of New York bonds, 

Long Island R.R. Co. bonds, 

Milwaukee & Northern R.R. Co. bonds, . 

Missouri Pacific R'y Co. bonds, 

N. Y., Brooklyn & Man. Beach R'y Co. bonds 

New York city bonds, .... 

Northern Pacific-Great Northern R'y Co. b'ds 

Oregon Short Line bonds, 

Pennsylvania R.R. Co. bonds, . 

Richmond city bonds, .... 

St. Paul & Northern Pacific R'y Co. bonds, 

Tenn. Coal, Iron & R.R. Co. bonds, . 

Third Avenue R.R. Co. bonds, . 

Toledo & Ohio Central R'y Co. bonds, . 

Union Pacific R.R. Co. bonds, . 

Western N. Y. & Penn. R.R. Co. bonds, . 

Wheeling & Lake Erie R.R. Co. bonds, . 

Atch., Topeka & Santa Fe R'y Co. stock, . 

Baltimore & Ohio R.R. Co. stock, . 

Broadway & 7th Ave. R.R. Co. stock, 

Chicago, Mil. & St. Paul R'y Co. stock, . 

Consolidated Gas Co. stock, 

Denver & Rio Grande R.R. Co. stock, 

German-American Bank stock, 

Hocking Valley R'y Co. stock, 

Illinois Central R.R. Co. stock, 

Laclede Gas Light Co. of St. Louis, Mo., stock 

Missouri Pacific R.R. Co. stock, 

Metropolitan Street R'y Co. stock, . 

National Park Bank stock, 

N. Y. Central & Hudson River R R. Co. stock 

N. Y., Chicago & St. Louis R.R. Co. stock, 

Norfolk & Western R'y Co. stock, . 

Pennsylvania R.R. Co. stock, . 

Pullman Co. stock, 

Southern R'y Co. stock, .... 
St. Louis & San Francisco R.R. Co. stock, 
Union Pacific R.R. Co. stock, . 
Western Union Telegraph Co. stock, 



Book Value. 

$31,301 25 

28,541 25 

10,500 00 

28,781 25 

27,696 25 

26,881 25 

10,250 00 

21,218 75 

25,031 25 

16,871 25 

28,343 75 

29,593 75 

25,125 00 

282,973 45 

33,636 37 

9,016 70 

50,000 00 

52,024 00 

19,526 25 

28,021 25 

50,437 50 

37,493 75 

10,000 00 

28,031 25 

22,781 25 

143,362 50 

152,250 00 

30,118 77 

67,618 75 

243,975 65 

113,512 50 

11,207 63 

41,012 50 

242,818 75 

31,237 50 

110,212 50 

76,662 50 

5,665 00 

152,083 13 

108,162 50 

45,962 50 

248,272 84 

217,475 00 

18,600 00 

41,212 50 

79,212 50 

45,212 50 



Market Value. 

$33,250 00 

35,000 00 

11,300 00 

29,750 00 

26,250 00 

27,750 00 

10,300 00 

25,000 00 

27,000 00 

17,550 00 

28,000 00 

30,000 00 

28,000 00 

265,000 00 

47,500 00 

9,500 00 

52,500 00 

53,663 00 

20,480 00 

27,000 00 

49,000 00 

39,200 00 

10,500 00 

29,500 00 

22,750 00 

142,000 00 

149,000 00 

37,050 00 

73,450 00 

258,000 00 

105,600 00 

15,000 00 

47,500 00 

250,600 00 

30,000 00 

110,000 00 

70,000 00 

31,500 00 

173,650 00 

116,000 00 

46,000 00 

310,000 00 

228,000 00 

18,400 00 

39,000 00 

86,000 00 

44,000 00 



$3,834,911 04 $4,016,203 00 



250 



G1RARI) FIRE AM) MARINE INSURANCE CO 



"GIRARD FIRE AND MARINE INSURANCE COMPANY;' 
PHILADELPHIA, PA. 

[Incorporated March 26, 1853. Commenced business May 2, 1853.] 

Paid-up Capital, $300,000. 

ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary. 

Income. 

Net fire premiums, * $497,994 16 

Deposit premiums on perpetual risks, 29,038 49 

Interest on mortgage loans, $ 31,418. 81 ; collaterals, $5,550.65 

stocks and bonds, $34,107.51; all other, £818.26, . . 71,895 23 

Rents, including company's own occupancy, .... 20,266 12 

Profit on sale or maturity of ledger assets, .... 2,548 46 

From all other sources, 1,111 00 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, .... 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, including company's own occupancy, . 
Repairs and expenses on real estate, 
Real estate taxes, $5,014 . 40 ; other taxes and fees, £ 
Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 

Balance, 



12,932.14 



$622,853 45 
1,832,807 14 

§2,455,660 59 



|203,543 78 

23,672 86 

60,000 00 

117,808 73 

56,082 73 

8,645 00 

3,266 25 

17,946 54 

555 04 

41,057 43 

6532,578 36 

fl,923,082 23 



Ledger Assets. 

Real estate, £296,895.73; mortgages,! $597,050, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' debits (gross), 

Bills receivable, 

Hotel furniture, 

All other ledger assets, 

Total ledger assets, . 



£893,945 73 

104,000 00 

760,906 04 

76,200 52 

63,132 32 

14,414 26 

2,532 40 

7,950 96 

$1,923,082 23 



* Including $59,657.67 collected of previous years' premiums. 

t Value of land, $1,343,017; buildings, $509,015; insurance thereon, $243,200. 






GIRARD FIRE AND MARINE INSURANCE CO. 



251 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $8,587 ; stocks and bonds, $ 9,270 ; collateral 

loans, $1,732, $19,589 00 

Rents due and accrued on company's property, . . . 403 48 

Market value of real estate over book value, . . . . 81,204 27 

Market value of stocks and bonds over book value, . . 44,238 96 

Commissions on return premiums and reinsurance, . . 560 83 

Gross assets, $2,069,078 77 

Assets not admitted. 
Company's stock owned, $45,815 00 



Hotel furniture, .... 

Agents' debits over three months due, 
Bills receivable, past due, 

Total unadmitted assets, . 

Total admitted assets, 



2,532 40 
9,918 25 
1,060 00 



59,325 65 



. $2,009,753 12 



Liabilities. 

Unpaid losses, including $1,512.95 resisted, $33,483.34 

less reinsurance, $2,148.83, 

Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, .... 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $93.76 ; reinsurance, $2,054.77, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



,342 71 



Total liabilities, 



$31,334 51 

443,666 44 

632,340 95 

2,924 76 

1,995 22 

2,148 53 

$1,114,410 41 

300,000 00 
595,342 71 

$2,009,753 12 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$92,940,227 00 

. 56,763,248 00 

$149,703,475 00 

. 53,346,588 00 

. $96,356,887 00 

. 5,075,660 00 

. $91,281,227 00 



Perpetual risks in force (not included above), $32,597,757 00 



Premiums. 

,429 42 
574,270 95 

1,435,700 37 
527,004 55 

$908,695 82 
55,188 99 

$853,506 83 
$702,601 05 



252 



GIRARD FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company. 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, . 



115,811,521 00 
6,189,050 00 
203,168 00 
2,191,194 00 
60,000 00 
37,500 00 



Schedule A. 
Securities held as Collateral. 

Market Value. Loaned Thereon. 

Ground lots, f 166,600 00 $99,000 00 

50 shares Guar. Tr. Co., Atlantic City, N. J., . 8,000 00 5,000 00 



Schedule B. 



8174,600 00 $104,000 00 



Stocks and Bonds owned by the Company. 



City of Philadelphia bonds, 

City of Louisville, Ky., bonds, . 

County of St. Louis Park, Mo., bonds, 

City of Seattle, Wash., bonds, . 

Borough of Ridley Park, Penn., bonds, 

Wadena, Minn., school bonds, . 

State of Georgia bonds, 

City of Camden, N. J., bonds, . 

City of Duluth, Minn., bonds, . 

Connecting R.R. bonds, . 

Pennsylvania R.R. bonds, . 

Philadelphia, Wilm. & Bait. R.R. bonds, 

Pitts., Cin., Chic. & St.. Louis R.R. bonds, 

Delaware R.R. bonds, 

North Pennsylvania R.R. bonds, 

Lehigh Valley R.R. bonds, 

Lynn & Boston R.R. bonds, 

Phila. & Reading R.R. Co. Terminal bonds, 

Schuylkill Valley Traction Co. bonds, 

Ohio & Little Kanawha R.R. bonds, . 

Kansas City Southern R'y bonds, 

Lehigh Coal & Navigation Co. bonds, 

American R'ys Co. bonds, 

Chesapeake & Ohio R.R. Co. car trust certf ., 

Fort Pitt Traction Co., Pittsburgh, bonds, 

Lower Merion Gas Co. bonds, . 

Hutchinson Water, Light & Power Co. bonds, 

Hudson River Gas & Electric Co. bonds, 

Glens Falls Gas & Electric Light Co. bonds, 

Consolidated Gas Co. of Pitts., Pa., bonds, 

Hamilton Real Estate Co. bonds, 



Book Value. 

$55,513 15 

9,089 45 

10,256 67 

50,000 00 

4,000 00 

5,000 00 

28,000 00 

20,417 54 

15,300 00 

5,227 50 

9,342 00 

70,921 25 

10,500 00 

6,353 25 

5,193 75 

20,322 50 

25,500 00 

60,562 50 

9,500 00 

1,050 00 

13,825 00 

10,237 50 

5,100 00 

5,008 16 

11,794 44 

7,970 00 

6,000 00 

20,600 00 

10,189 03 

11,562 50 

9,600 00 



Market Value. 

$55,000 00 

10,400 00 

10,500 00 

54,500 00 

4,400 00 

5,000 00 

26,000 00 

22,600 00 

16,800 00 

6,180 00 

11,800 00 

75,600 00 

11,400 00 

6,720 00 

5,000 00 

21,000 00 

29,250 00 

62,500 00 

10,300 00 

1,200 00 

13,800 00 

10,200 00 

5,350 00 

5,000 00 

11,700 00 

8,160 00 

6,000 00 

21,000 00 

10,300 00 

11,300 00 

9,600 00 



GLENS FALLS INSURANCE CO. 



253 



Chicago Suburban Water & Light Co. bonds, 
Elmira Water, Light & R.R. Co. bonds, 
Westchester Lighting Co. bonds, 
Missouri River Power Co. bonds, 
Economy Light & Power Co. bonds, 
William Cramp & Sons Co. bonds, . 
Elgin American Gas Co. bonds, 
Altoona Gas Co. bonds, 
45 shares Phila. & Darby Passenger R'y Co. 



210 
600 
110 
200 
240 
100 
40 
125 
119 



Pennsylvania R.R. Co., . 
Lehigh Valley R.R. Co., . 
Lehigh Coal & Navigation Co. 
Philadelphia Traction Co., 
Penn. Salt Manufacturing Co., 
Continental Title and Trust Co., 
Philadelphia Bourse, 
United Gas Improvement Co., 
Girard Fire & Marine Ins. Co. 



Book Value. 

$10,281 96 

10,301 39 

15,381 25 

10,728 33 

15,000 00 

11,065 28 

10,120 83 

5,000 00 

2,250 00 

11,900 00 

25,959 00 

5,262 50 

19,450 00 

25,032 64 

2,500 00 

1,500 00 

13,676 67 

31,610 00 



Market Value. 

$10,300 00 
10,300 00 
15,450 00 
10,500 00 
15,000 00 
11,000 00 
10,000 00 

5,000 00 

1,800 00 
16,170 00 
22,800 00 

8,030 00 
19,400 00 
27,120 00 

3,700 00 

200 00 

14,000 00 

45,815 00 



$760,906 04 $805,145 00 



" GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary. 

Income. 

Net fire premiums, * $1,159,348 31 

Interest on mortgage loans, $59,574.83; collaterals, $240 

stocks and bonds, $89,504.16 ; all other, $22,650.63, . 171,969 62 

Rents, 4,709 87 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



$1,336,027 80 
3,414,037 49 

$4,750,065 29 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 
Real estate taxes, $3,636 . 65 ; other taxes and fees, $52,564. 70, 
Loss on sale or maturity of ledger assets, .... 

Profit and loss, 

All other disbursements, 



$498,462 05 

60,000 00 

244,794 16 

68,795 51 

56,201 35 

7,504 85 

1,086 17 

74,913 00 

Total disbursements, $1,011,757 09 

Balance, $3,738,308 20 



* Including $1,650.35 collected of previous years' premiums. 



254 GLENS FALLS INSURANCE CO. 



Ledger Assets. 

Real estate, #104,405.43; mortgages, $1,079,591.33, . . $1,183,996 76 

Loans secured by collateral (Morris & Essex R.R. b'ds, $3,960) , 4,000 00 

Stocks and bonds (schedule A), 1,983,722 50 

Cash in banks and office, 416,387 52 

Agents 1 debits (gross), 150,201 42 

Total ledger assets, $3,738,308 20 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $ 2,637. 79 ; stocks and bonds, #6,624.58 , other 

assets, $687.48, 9,949 85 

Rents due on company's property, 150 00 

Market value of stocks and bonds over book value, . . 100,437 50 

Gross assets,* #3,848,845 55 



Assets not admitted. 

Agents' debits over three months due, . . f 3,376 68 

Special deposits less $32,648.07 liability 

thereon, . . 58,351 93 

Depreciation in ledger assets, .... 20,000 00 

Total unadmitted assets, .... 81,728 61 

Total admitted assets, $3,767,116 94 



Liabilities. 
Unpaid losses, including $16,667 resisted, $72,421.52; less 

reinsurance, $12,438.15, $59,983 37 

Unearned premiums on outstanding risks, $1,172,061. 55 ; plus 

same on disallowed reinsurance, $1,390.78, .... 1,173,452 33 

Salaries and other miscellaneous expenses due or accrued, . 18,000 00 

Commissions and other charges due agents and brokers, . 22,530 21 

/ 

All liabilities, except capital and surplus, . . . $1,273,965 91 
Surplus to policy holders, .... #2,493,151 03 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 2,293,151 03 

Total liabilities, $3,767,116 94 

* Including $200,000 special reservejheld under New York laws. 



GLENS FALLS INSURANCE CO. 



255 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$188,352,692 00 $2,121,203 68 
. 125,786,358 00 1,525,027 55 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$314,139,050 00 $3,646,231 23 
. 94,650,244 00 1,176,489 37 



$219,488,806 00 $2,469,741 86 
. 17,258,014 00 251,943 64 



$202,230,792 00 $2,217,798 22 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), , . 
Company's stock owned by directors, . 



$21,626,148 00 

10,248,326 00 

492,197 00 

1,060,000 00 

60,000 00 

75,280 00 



• Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $58,000 00 $76,300 00 

N. York Central & Hudson River R.R. bonds, ' 200,000 00 200,000 00 

Syracuse, Bing. & New York R.R. bonds, . 53,000 00 59,360 CO 

Morris & Essex R.R. bonds, .... 50,000 00 66,000 00 

West Shore R.R. bonds, 50,000 00 54,000 00 

Union Pacific R.R. bonds 50,000 00 50,000 00 

Baltimore & Ohio R.R. bonds, .... 50,000 00 50,000 00 

Central of New Jersey R.R. bonds, . . . 50,000 00 67,000 00 

International Paper Co. bonds, . . . 50,000 00 54,000 00 

Hudson River Pulp and Paper Co. bonds, . 320,000 00 320,000 00 

Gould Paper Co. bonds, 363,000 00 363,000 00 

Gl'ens Falls Paper Mills Co. bonds, . . . 60,000 00 60,000 00 

Georgia State bonds 25,000 00 25,000 00 

Richmond, Va., city bonds, .... 11,00000 11,00000 

Pendleton City, Ore., bonds 50,000 00 55,000 00 

Saratoga Springs, N. Y., bonds, . . . 5,000 00 5,000 00 

J. J. Rogers Co. bonds, 200,000 00 200,000 00 

New York city bonds, 106,160 00 105,000 00 

German Trust Co. Davenport, la., bonds, . 70,000 00 70,000 00 

Union Pacific R.R. stock, 45,000 00 45,000 00 

First National Bank, Glens Falls, stock, . . 10,000 00 30,000 00 

First National Bank, Saratoga Springs, stock, 2,000 00 4,000 00 

Cleveland Trust Co. stock, .... 5,000 00 10,000 00 

Mt. Kisco National Bank stock, . . . 5,000 00 7,500 00 



256 



GRANITE STATE FIRE INSURANCE CO. 



Glens Falls National Bank stock, 
Iron City Trust Co., Pittsburg, Pa., stock, 
Luzerne Co. Trust Co., Wilkesbarre, stock, 
Chicago Great Western R.R. stock, . 



Book Value. 

$2,500 00 
27,000 00 

20,000 00 
46,062 50 



Market Value. 

15,000 00 
27,000 00 

20,000 00 
4.0,000 00 



$1,983,722 50 $2,084,160 00 



"GRANITE STATE FIRE INSURANCE COMPANY. 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.] 

Paid-up Capital, $200,000. 

CALVIN PAGE, President. ALFRED F. HOWARD, Secretary. 

Income. 

Net fire premiums, * $ 449,407 24 

Interest on mortgage loans, $597.25; stocks and bonds, 

$17,417. 88; all other, $878.31, 18,893 44: 

Rents 1,549 17 

Profit on sale or maturity of ledger assets, .... 2,808 55 

From all other sources 61 94 



Total income, 

Ledger assets, Dec. 31, 1901, . 

Total 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $177.21 ; other taxes and fees, $7,098 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, .... 



Total disbursements, .... 

Balance, 

Ledger Assets 
Real estate, $23,211.99 ; mortgages,! $10,850, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents 1 debits (gross), .... 



Total ledger assets, 



93, 



$472,720 34 
527,812 15 

$1,000,532 49 



$199,523 81 

12,000 00 

72,034 95- 

14,040 00 

1,385 00 

458 88 

7,276 14 

2,910 40 

62 49 

25,548- 32 

$335,239 99 

$665,292 50 



$34,061 99 

519,242 41 

48,591 37 

63,396 73 

8665,292 50 



* Including $58,733.09 collected of previous years' premiums. 

T Value of land, $10,500; buildings, $20,500; insurance thereon, $9,400. 



GRANITE STATE FIRE INSURANCE CO. 



257 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $293.1)5 ; stocks and bonds, $ 2,016. 69, 
Rents due and accrued on company's property, 
All other, 



$2,310 64 

230 83 

1,909 22 



Gross assets, $669,743 19 



Assets not admitted. 

Agents' debits over three months due, 
Depreciation in book value of ledger assets, . 
Total unadmitted assets, . . . . - 



Total admitted assets, 



$350 80 
9,620 40 



9,971 20 
8659,771 99 



Liabilities. 

Unpaid losses, §32,952.36 ; less reinsurance, §5,266.66, . 
Unearned premiums on outstanding risks, §289,188.22; plus 

same on disallowed reinsurance, $6, 

Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, §5,319.99 ; reinsurance, §10,201. 83, 



127,685 70 

289,194 22 

1,663 34 

11,719 27 

15,521 82 

§345,784 35 

200,000 00 
113,987 64 

Total liabilities, $659,771 99 



'All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



§313,987 64 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiumg. 

.§50,889,507 00 §604,593 09 
. 37,222,176 00 526,154 20 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



,111,683 00 §1,130,747 29 
27,202,225 00 405,820 12 



,909,458 00 $724,927 17 
14,752,230 00 193,403 27 



,157,228 00 §531,523 90 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . . . . 



§7,876,838 00 

3,488,671 00 

191,302 00 

156,000 00 

12,000 00 

37,200 00 



258 



GRANITE STATE FIRE INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

State of Massachusetts bonds, .... $22,754 50 $21,960 00 

Hillsborough County, N. H., bonds, . . 10,825 00 11,208 00 

Rockingham County, N. H , bonds, . . . 10,580 60 10,598 80 

Columbia County, Wash., bonds, . . . 8,390 40 8,365 60 

Boston, Mass , bonds 22,137 50 21,280 00 

Quincy, Mass., bonds, 6,607 60 6,948 30 

Maiden, Mass., bonds, 18,860 00 18,431 30 

Taunton, Mass , bonds, 8,734 40 8,692 00 

Newton, Mass., bonds, 10,878 75 10,359 00 

Manchester, N. H., bonds 107,335 00 103,450 00 

Portsmouth, N. H., bonds, .... 10,563 12 10,814 30 

Dover, N. H, bonds 10,48150 10,542 00 

Nashua, N. H , bonds, 10,695 00 10,779 90 

Concord, N. H., bonds, 1,083 75 1,133 40 

Laconia, N. H., bonds, 10,730 15 11,188 80 

Pittsfield, N. H., bonds, 2,606 25 2,638 00 

Peterborough, N. H., bonds, .... 4,185 00 4,226 60 

Rutland, Vt., bonds 5,750 00 5,600 00 

Milwaukee, Wis., bonds 5,291 00 5,140 50 

Burlington, Vt , bonds 5,350 00 5,442 50 

Concord & Montreal R.R. bonds, . . . 27,325 00 27,125 00 

Boston & Lowell Railroad bonds, . . . 11,125 00 10,626 00 

Fitchburg R.R. bonds, 5,650 00 5,515 00 

Peterboro 1 & Hillsboro' R.R. bonds, . . . 11,575 00 11,284 00 

L. & P. Co., St. Cloud, Minn., bonds, . . 10,000 00 10,000 00 

New Hampshire Trust Co. bonds, ... . 5,400 00 3,240 00 

Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00 

Nashua Card & Glazed Paper Co. bonds, . 5,000 00 5,000 00 

Gloucester, Mass., bonds, 10,487 50 10,487 00 

Franklin, N. H., bonds 10,475 00 10,475 00 

New York City, N. Y., bonds 21,700 00 21,700 00 

Cincinnati, O., bonds 10,600 00 10,600 00 

131 shares Boston & Maine R.R 19,830 86 25,545 00 

50 " Wolf. Loan & Banking Co., . . 5,000 00 5,000 00 

51 " Wor., Nashua & Roch. R.R., . . 6,219 63 7,650 00 
35 " Concord & Montreal R.R., . . 6,090 00 6,940 00 

400 " Pennsylvania R.R., .... 32,925 00 31,148 00 



$519,242 41 $517,134 00 



THE GREENWICH INSURANCE CO. 



259 



"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 

Paid-up Capital, $200,000. 

MASON A. STONE, President. WALTER B. WARD, j Assistant Secretaries. 

william adams, ) 

Income. 

Net fire premiums, $1,954,552.56 ; marine, $192,740.09, 



Interest on stocks and bonds, . 

Rents, including company's own occupancy, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, 



Disbursements 
Net amount paid for fire losses, §958,954.56; marine, 

|116,588.27, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Taxes and fees, 

Profit and loss, .... 

Return premiums and reinsurance unpaid in 1901, 

All other disbursements, . 

Total disbursements, . 

Balance, .... 

Ledger Assets 

Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, not matured, . 
Reinsurance due on losses paid, 

Total ledger assets, . 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, 

All other, 



* $2,147,292 65 

51,095 23 

2,625 00 

222,500 00 

>2,423,512 88 

1,112,571 13 

53,536,084 01 



Gross assets, 



$1,075,542 83 

20,000 00 

326,595 34 

145,260 66 

15,527 46 

47,649 82 

2,578 83 

25,516 02 

140,798 37 

$1,799,469 33 

$1,736,614 68 



$1,194,690 92 

126,919 10 

397,198 98 

8,644 94 

9,160 74 

$1,736,614 68 



2,400 00 

426,844 08 

15,009 34 

$2,180,868 10 



* Including $222,046.28 collected of previous years' premiums. 



260 



THE GREENWICH INSURANCE CO. 



Assets not admitted. 

Agents 1 debits over three months due, . . $6,304 04 

Reinsurance due on losses paid, ... 17 53 

Total unadmitted assets, .... 

Total admitted assets, $2,174,546 53 



$6,321 57 



Liabilities. 

Unpaid losses, including $ 30,592 resisted, $264,913.02; less 

reinsurance, $40,176.05, 8224,736 97 

jf 

Unearned premiums on outstanding risks, $1,467,265.93; plus 

same on disallowed reinsurance, $18,623.67, . . . 1,485,889 60 

Reclaimable on perpetual fire policies, 931 50 

Salaries and other miscellaneous expenses, due or accrued, . 10 00 

Commissions and other charges due agents and brokers, . 66,000 00 

Due for return premiums,$46,253. 32; reinsurance, $30,188.86, 76,442 18 

All liabilities, except capital and surplus, . . . $1,859,000 25 

Surplus to policy holders, $315,546 28 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, .... 115,546 28 

1 

Total liabilities, $2,174,546 53 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$335,773,463 00 $2,664,828 34 
. 267,528,579 00 2,305,133 15 



Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



$603,302,042 00 $4,969,961 49 
. 248,449,587 00 1,918,701 25 



$354,852,455 00 83,051,260 24 
. 39,149,592 00 419,205 44 



$315,702,863 00 $2,632,054 80 

. $3,226,550 00 $111,680 75 
. 32,528,605 00 202,022 21 



.835,755,155 00 $313,702 96 
. 32,986,183 00 208.528 21 



. $2,768,972 00 $105,174 75 
50,750 00 2,074 81 



Net amount in force, . 



$2,718,222 00 $103,099 94 



HANOVER FIRE INSURANCE CO. 



261 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



$26,201,230 00 
15,717,242 00 
951,813 00 
103,394 00 
2,228,000 00 
20,000 00 
104,875 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Consolidated Gas Co. of N. Y. stock, . . $134,012 50 $270,625 00 

Rensselaer & Saratoga R.R. Co. stock, . . 97,288 06 129,000 00 

The Valley R.R. Co. stock 40,250 00 47,250 00 

Delaware & Hudson Canal Co. stock, . . . 78,106 25 103,500 00 

N. Y., Lackawanna & Western R.R. Co. stock, 27,750 00 35,000 00 

Chicago & Northwestern R'y Co. stock, . . 45,600 00 78,600 00 

Chicago, Milwaukee & St. Paul R'y Co. stock, 120,987 50 149,700 00 

Morris & Essex R.R. Co. stock, . . . 8,750 00 9,800 00 

Chicago & Alton R'y Co. stock, ... 38,562 50 36,000 00 

Pitts., Cin., Chicago & St. Louis R'y Co. stock, 48,562 50 60,000 00 

Pennsylvania R.R. Co. stock, . . . 43,837 50 46,800 00 

Baltimore & Ohio R.R. Co. stock, . . . 71,887 50 70,000 00 

Atchison, Topeka & Santa Fe R'y Co. stock, . 51,062 50 50,250 00 

The Hocking Valley R'y Co. stock, . . . 46,400 00 48,000 00 

Illinois Central R.R. Co. stock, . . . 71,687 50 73,250 00 

Northern Securities Co. stock 80,203 75 169,500 00 

United States government bonds, . . . 51,430 36 50,685 00 

District of Columbia bonds 107,062 50 157,500 00 

The Central of Georgia R'y Co. bonds, . . 23,750 00 28,125 00 

Pennsylvania R.R. Co. bonds, .... 7,500 00 7,950 00 

$1,194,690 92 $1,621,535 00 



"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1852. Commenced business April, 1852.] 

Paid-up Capital, $1,000,000. 

CHARLES A. SHAW, President. JOSEPH McCORD, Secretary. 

Income. 

Net fire premiums, * $2,756,980 69 

Interest on mortgage loans, $175 ; stocks and bonds, 

1,225.89; all other, $6,035.46, 92,436 35 



* Including $383,455.46 collected of previous years' premiums. 



262 



HANOVER FIRE INSURANCE CO. 



Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $6,559 . 60 ; other taxes and fees, § 54 v 049 . 83 
Return premiums and reinsurance unpaid in 1901, . 
All other disbursements, 

Total disbursements, 

Balance, 



Ledger Assets. 

Real estate, §420,368.75; mortgages,* §3,500, 

Loans secured by collateral (C. I. & L. R'y Co. b'ds, §1,305), 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents' debits (gross), 

All other ledger assets, . 



Total ledger assets, 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $14.58 ; stocks and bonds, 816,981, . 

Rents due on company's property, .... 

Market value of real estate over book value, . 

Market value of stocks and bonds over book value, 

All other, 



Gross assets, 



$27,522 58 
76,827 43 

$2,953,767 05 
2,414,339 79 

$5,368,106 84 



$1,109,665 50 

80,000 00 

439,528 27 

147,127 12 

15,854 00 

11,511 57 

60,609 43 

73,696 15 

148,607 68 

$2,086,599 72 

$3,281,507 12 



§423,868 75 

500 00 

2,086,592 05 

329,295 28 

274,887 82 
166,363 22 

$3,281,507 12 



16,995 58 

1,605 84 

29,631 25 

451,220 57 

21,393 89 

$3,802,354 25 



Assets not admitted. 

Agents' debits over three months due, . . §7,186 90 
Special deposits less §40,999.48 liability 

thereon, 27,875 48 

Total unadmitted assets, .... 



35,062 38 



Total admitted assets, 



. $3,767,291 87 



* Value of land, $2,500; buildings, $5,000; insurance thereon, $3,500. 



HANOVER FIRE INSURANCE CO. 



263 



Liabilities. 

Unpaid losses, including $44,388.30 resisted, $335,319.58; 

less reinsurance, $57,030.62, $278,288 96 

Unearned premiums on outstanding risks„$l, 747 ,613. 76 ; plus 

same on disallowed reinsurance, $2,035.87, . . . . 1,749,649 63 
Commissions and other charges due agents and brokers, . 90,140 17 
Due for return premiums, $3,374.92; reinsurance, $38,564.51, 41,939 43 

All liabilities, except capital and surplus, . . . $2,160,018 19 
Surplus to policy holders, .... $1,607,273.68 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, .... 607,273 68 

Total liabilities, $3,767,291 87 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total,. 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$333,221,371 00 
. 315,624,760 00 

$648,846,131 00 
. 264,509,804 00 

$384,336,327 00 
. 48,145,328 00 



Premiums. 

$3,319,161 35 
3,243,035 67 

$6,562,197 02 
2,707,120 40 

$3,855,076 62 
493,567 75 



$336,190,999 00 $3,361,508 87 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$40,536,452 00 

23,342,661 00 

1,174,144 00 

3,089,500 00 

100,000 00 

80,000 00 

244,950 00 



Schedule A. 
Stocks and Bonds owned by the 

1,320 shares N. Y. C. & Hudson River R.R., 

850 

100 
4,000 

191 
' 500 

645 

700 

625 

500 

500 



Chicago & Northwestern R'y Co. 
Rensselaer & Saratoga R.R. Co., 
Pennsylvania R.R. Co., 
Syracuse, Bing. & N. Y. R.R. Co. 
Clev., Cinn., Chic. & St. L. R'y Co. 
Chicago, Mil. & St. Paul R'y Co. 
Pitts., McKees. & Youg'y R.R. Co. 
The Great Northern R'y Co., 
Union Pacific R'y Co., . 
Southern R'y Co., . 



Company. 

Book Value. 

$144,350 00 
107,393 75 
13,512 50 
227,011 63 
27,075 88 
49,337 50 
92,862 50 
48,325 00 
60,519 38 
38,437 50 
46,550 00 



Market Value. 

$199,622 00 

197,125 00 
21,500 00 

311,750 00 
36,290 00 
60,000 00 

123,238 12 
50,750 00 

126,875 00 
46,500 00 
46,375 00 



264 



HARTFORD FIRE INSURANCE CO. 



200 shares Chicago Great Western R'y Co., 
300 " Kan. City, Ft. S. & Mem. R'y Co., 
250 " Norfolk & Western R'y Co., . 
150 " Met. Street R'y Co. N. Y. City, 
200 " United States Steel Corporation, 
150 " American F^xchange Nat'l Bank, 

75 " Bank of America, 

75 " Met. Nat'l B'k (N. Y.) (in liq), 
United States bonds, .... 

Commonwealth of Massachusetts bonds, 
State of Georgia bonds, .... 
City of New York bonds, 
City of Richmond, Va., bonds, . 
Pennsylvania Co. bonds, .... 
Flint & Pere Marquette R.R. Co. bonds, . 
Chic. Indian. & Louisville R.R. bonds, 
Chicago, Milwaukee & St. Paul R'y Co. bonds 
N. Y , N. H & Hartford R R. Co. bonds, . 
Central R.R. of New Jersey bonds, . 
Brooklyn (N. Y.) City R.R. Co. bonds, . 
Cin., Indian., St. Louis & Chic. R'y bonds, 
Lehigh Valley Terminal R'y Co. bonds, . 
Columbus & Ninth Ave. (N. Y.) R.R. Co. b'ds 
Atchison, Topeka & Santa Fe R'y Co. bonds, 

Erie R R. Co. bonds, 

N. Y., Sus. & Western R.R Co. bonds, . 
Northern Pacific & Great Northern bonds, 
Missouri, Kansas & Texas R'y Co. bonds, 
St. Louis, Iron Mt. & Southern R'y Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Oregon Short Line R.R Co. bonds, . 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Pennsylvania R R. Co. bonds, . 
R. Co. & Phila. & R. Coal and Iron Co. b'ds, 



Book Value. 

§18,375 00 
24,787 50 
23,543 75 
22,112 50 
17,975 00 
16,766 26 
25,125 00 
5,379 13 
48,000 00 

110,275 00 
16,181 25 

180,589 60 
54,680 56 
38,250 00 
64,537 50 
14,531 25 
20,525 00 
31,281 25 
35,800 00 
28,637 50 
25,018 75 
22,600 00 
11,600 00 
22,218 75 
46,500 00 
27,000 00 
50,000 00 
19,725 00 
41,818 75 
23,531 25 
23,104 61 
47,447 50 
48,500 00 
24,798 75 



Market Value. 
.200 00 

23,775 00 
23,000 00 
21,262 50 
17,175 00 
42,000 00 
42,000 00 
75 00 
52,680 00 

110,100 00 
16,262 50 

173,187 50 
58,000 00 
39,7h0 00 
70,125 00 
19,575 00 
23,100 00 
55,000 00 
4<>,687 50 
27,625 00 
25,125 00 
23,500 00 
12,050 00 
25,562 50 
50,250 00 
28,312 50 
48,125 00 
19,600 00 
41,625 00 
24,500 00 
24,031 25 
45,437 50 
51,652 50 
24,406 25 



$2,086,592 05 §2,537,812 62 



"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1S10. Commenced business August, 1810.] 

Paid-up Capital, $1,250,000. 

GEORGE L. CHASE, President. P. C. ROYCE, Secretary. 

Income. 

Net fire premiums, $9,916,099 42 

Interest on mortgage loans, 839,456.76; collaterals, 8240; 

stocks and bonds, ^324,414. 93; all other, $3,136.57, . . 367,248 26 



HARTFORD FIRE INSURANCE CO. 



265 



Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1901, 



Total, 



$16,958 47 
23,158 24 

$10,323,464 39 
. 10,267,121 17 

$20,590,585 56 



Disbursements. 

Net amount paid for fire losses, 

Interest and dividends to stockholders, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Real estate taxes, $ 8,150 . 56 ; other taxes and fees, $213,329 . 84 

Loss on sale or maturity of ledger assets, 

Agents' balances charged off, 

Reinsuring companies, 

All other disbursements, 

Total disbursements, 

Balance, 



$5,186,085 81 

400,000 00 

1,553,292 08 

603,357 97 

221,480 40 

62,323 75 

4,491 37 

26,119 68 

1,214,172 52 

$9,271,323 58 

$11,319,261 98 



Ledger Assets. 

Real estate, $902,940.77; mortgages,* $781,869, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Printing plant, 



Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $10,459.39 ; collateral loans, $48.01, 
Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



$1,684,809 77 

4,800 00 

7,584,301 98 

594,311 09 

1,426,863 99 

24,175 15 



Gross assets, 



$11,319,261 98 



10,507 40 

1,710 94 

47,559 23 

. 1,269,610 19 

$12,648,649 74 



Assets not admitted. 

Special deposits less $229,379.38 liab. thereon, $81,812 91 

Printing plant, 24,175 15 

Total unadmitted assets, .... 

Total admitted assets, 



105,988 06 
$12,542,661 68 



* Value of property, $2,006,050; insurance thereon, $607,200. 



266 



HARTFORD FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, including $94,869.37 resisted, . . . . $729,764 40 

Unearned premiums on outstanding risks, .... 7,830,284 94 

Commissions and other charges due agents and brokers, . 167,478 85 

Due for return premiums, 166,837 16 

Total, $8,894,365 35 

Surplus to policy holders, .... $3,648,296 33 

Paid-up capital, 1,250,000 00 

Surplus over capital and general liabilities, .... 2,398,296 33 



Total liabilities, 



$12,542,661 68 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$1,307,410,370 00 $14,61 1,678 55 
1,081,663,134 00 12,146,274 60 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$2,389,073,504 00 $26,757,953 15 
1,088,648,343 00 11,204,034 11 



$1,300,425,161 00 $15,553,919 04 
12,586,574 00 146,531 06 



$1,287,838,587 00 $15,407,387 98 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (32 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 



$133,656,918 00 
78,629,567 00 
5,552,713 00 
10,738,100 00 
950,000 00 
400,000 00 
188,100 00 



Securities held as Collateral. 



30 shares Chicago & Northwestern R.R. Co., . 
64 " Billings & Spencer, .... 

Schedule B. 



Market Value. 

$7,050 00 
2,048 00 



Loaned Thereon. 

$3,800 00 
1,000 00 



$9,098 00 $4,800 00 



Stocks and Bonds owned by the Company. 



315 shares iEtna National Bank, Hartford, 
300 " American National Bank, Hart., 
200 " Charter Oak Nat'l Bank, Hart., 
166 " City Bank, Hartford, 
100 " Conn. River Banking Co., Hart., 



Book Value. 

$32,780 00 

15,000 00 

20,350 00 

23,964 75 

7,660 00 



Market Value. 

$63,000 00 

22,500 00 

22,000 00 

16,600 00 

5,500 00 



HARTFORD FIRE INSURANCE CO. 



267 



Book Value. Market Value. 

314 shares Conn. Tr. & Safe Dep. Co , Hart., $37,021 22 $94,200 00 

122 " Far. and Mech. Nat'l Bank, Hart , 22,161 99 15,006 00 

172 " First National Bank, Hartford, . 13,348 50 22,360 00 

556 " Hartford Nat'l Bank, Hartford, . 63,962 75 78,952 00 

40 " National Exchange Bank, Hart., . 2,400 00 2,500 00 

467 " Phoenix National Bank, Hart., . 50,470 25 58,375 00 

100 " State Bank, Hartford, . . . 9,695 00 13,000 00 

200 " Am. Exchange Nat'l Bank, N. Y., 21,066 25 55,000 00 

150 " Bank of America, N. Y., . . 18,573 25 84,000 00 

200 " Bank of North America, N. Y., . 30,781 50 67,000 00 

300 " Imp. & Traders' Nat'l B'k, N. Y., 30,000 00 195,000 00 

200 " Manhattan Co. Bank, N. Y., . 13,129 51 33,500 00 

334 " Merchants' National Bank, N. Y., 19,735 17 31,229 00 

100 " National B'k of Commerce, N. Y., 10,999 50 31,500 00 

39 " Atlantic National Bank, Boston, . 3,983 20 4,992 00 

125 " Boylston National Bank, Boston, . 11,935 35 14,062 50 

100 " First National Bank, Boston, . 10,000 00 17,500 00 

32 " National Bank of Com., Boston, . 4,304 30 4,800 00 

109 " Second National Bank, Boston, . 10,277 71 20,682 75 

50 " First National Bank, Albany, . 8,328 33 5,750 00 

150 " Bank of Montreal, Montreal, . 35,464 78 81,000 00 

431 » Ontario Bank, Toronto, . . 13,082 18 5,633 33 

847 " Chicago, Mil. & St. Paul R.R. Co., 84,500 00 157,056 00 

1,050 " Chic & Northwestern R.R. Co., . 126,375 00 230,600 00 

1,000 " Conn. & Pass. River R.R. Co., . 100,000 00 105,000 00 

20 " Connecticut River R.R. Co., . . 2,000 00 5,600 00 

662 " N. Y. Cent. & Hudson R. R.R. Co., 72,463 47 100,624 00 

1,875 " N. Y., N. H. & Hartford R.R. Co., 256,853 81 421,875 00 

500 " N. Y., Lack. & West. R.R. Co., . 57,125 00 70,000 00 

30 " Union Pacific, .... 2,964 56 2,790 00 

Alabama State bonds, 9,975 00 10,700 00 

Georgia State bonds, 25,750 00 26,500 00 

U. S. of Mexico External gold bonds, . . 109,726 40 109,726 40 

Virginia Century bonds, 10,093 12 10,185 00 

City of Toronto debenture bonds, . . . 41,004 10 40,704 79 

Montreal Corporation bonds, .... 64,821 25 67,500 00 

Richmond, Va., city bonds, .... 53,593 75 55,387 50 

Atch , Topeka & Santa Fe R.R. bonds, . . 25,625 00 25,500 00 

Baltimore & Ohio R.R bonds, .... 74,125 00 77,250 00 

Belt R.R. and Stock Yards bonds of Indianap., 98,910 00 96,600 00 

Brooklyn Union Elevated bonds, . . . 100,875 00 102,000 00 

Canadian Pacific R.R. bonds 57,750 00 55,965 90 

Central Pacific R'y bonds, .... 25,000 00 25,375 00 

Chesapeake & Ohio R.R. bonds, . . . 298,250 00 298,100 00 

Chicago & Western Indiana R.R. bonds, . . 501,842 50 498,180 00 

Chicago & Northwestern R.R. bonds, . . 409,491 25 408,950 00 

Chicago, Burlington & Quincy R.R. bonds, . 57,562 50 58,475 00 

Chicago & Great Western R.R. bonds, . . 44,810 00 46,010 00 



268 



HARTFORD FIRE INSURANCE CO. 



Chicago, Milwaukee & St. Paul bonds, . 
Chicago & Erie R.R. bonds, 
Cincinnati, Dayton & Chicago bonds, 
Cin., Indianapolis, St. Louis & Chic. R.R. bonds 
Clev., Cin , Chicago & St. Louis bonds, . 
Clev., Col., Cin. & Indianapolis R.R. bonds, 
Connecticut River R.R. bonds, . 
Central R.R. of New Jersey bonds, . 
Dayton & Michigan R.R. bonds, 
Detroit, Grand Rapids & Western bonds, 
Easton & Amboy R.R. bonds, . 
Elgin, Joliet & Eastern R.R. bonds, . 

Erie R.R. bonds, 

Grand Rapids & Indiana R.R. bonds, 

Hartford Street R'y Co. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds, 

Jefferson R.R. bonds, .... 

Lehigh Valley R.R. bonds, 

Lehigh Valley R R. of N. Y. bonds, 

Long Island Unified Mortgage gold bonds, 

Minneapolis Union R.R. bonds, 

Mil., Lake Shore & Western R.R. bonds,. 

North. Pacific, Great North., C, B. &Q. bonds 

Northern Pacific R R. bonds, . 

North. Pac.,St. Paul & Duluth Div., P. M. b'ds 

N. Y. Central & Hudson River R.R. bonds, 

N. Y., New Haven & Hartford R.R. certs., 

Philadelphia & Reading R.R. bonds, 

Port Reading R.R. bonds, . . . 

Reading Company bonds, 

St. Paul & Northern Pacific R.R. bonds, . 

St. Lo., Iron Mt. & Southern U. & F. bonds, 

St. Louis & San Francisco bonds, 

St. Louis Southern R.R. bonds, 

Southern Pacific R.R. of California bonds, 

Southern R'y Co., St. Louis Division, bonds, 

Terminal R'y Asso. of St. Louis bonds, 

Union Pacific R.R. bonds, . 

Utah & Northern R.R. bonds, . 

Wabash R.R. bonds, . 

Western Maryland bonds, 

West Shore R.R. bonds, . 

120 shares Connecticut River Co., 

825 " New York Dock Co., 

500 " Northwestern Telegraph Co., 

New York^Dock Co. bonds, 



Book Value. 

$63,852 50 
108,150 00 
51,000 00 
130,260 00 
254,077 50 
9,925 00 

296,493 75 

64,050 00 

41,443 90 

164,125 00 

146,762 50 

148,875 00 

22,000 00 

103,000 00 

92,054 80 

131,938 75 

173,202 50 

357,574 75 

151,840 00 

10,087 50 

52,633 33 

55,180 00 

125,550 25 

68,125 25 

100,500 00 

23,500 00 

75,000 00 

76,875 00 

50,750 00 

29,400 00 

91,682 50 

92,750 00 

54,875 00 

65,405 00 

106,000 00 

149,250 00 

82,312 50 

72,187 50 

60,750 00 

58,650 00 

22,875 00 

103,125 00 

3,000 00 

83,000 00 

25,000 00 

83,250 00 



Market Value. 

$61,500 00 

121,000 00 

51,000 00 

124,020 00 

276,400 00 

10,760 00 

1,000 00 

353,600 00 

66,000 00 

41,000 00 

174,000 00 

146,560 00 

150,000 00 

22,100 00 

108,500 00 

89,700 00 

133,000 00 

174,075 00 

379,375 00 

162,750 00 

10,000 00 

64,000 00 

62,000 00 

192,000 00 

83,200 00 

102,500 00 

23,500 00 

165,000 00 

93,000 00 

54,500 00 

29,100 00 

110,295 00 

93,000 00 

57,500 00 

66,880 00 

109,000 00 

150,000 00 

84,000 00 

78,750 00 

57,500 00 

58,800 00 

23,250 00 

113,000 00 

3,000 00 

41,250 00 

31,875 00 

78,375 00 



§7,584,301 98 $8,853,912 17 



HOME INSURANCE CO. 



269 



"HOME INSURANCE COMPANY," NEW YORK, N. Y 

[Incorporated April 13, 1853. Commenced business April 13, 1853.] 

Paid-up Capital, $3,000,000. 

A. M. BURTIS, , 
JOHN H. WASHBURN, President. WM. H. CHENEY Secretaries. 

Income. 

Net fire premiums, $7,365,608.66 ; marine, $266,637.35, * $7,632,246 01 

Interest on mortgage loans, $7,316.69 ; collaterals, $2,655.55, 

stocks and bonds, $444,482.42 ; all other, $11,642.01, 
Rents, including company's own occupancy, . 



Profit on sale or maturity of ledger 
From all other sources, 

Total income, 
Ledger assets, Dec. 31, 1901, . 



assets, 



Total, 



466,096 


67 


167,274 


63 


672,007 


50 


12,860 


94 


. $8,950,485 


75 


. 12,581,585 


23 



$21,532,070 98 



Disbursements. 

Net amount paid for fire losses, $3,313,765.11; marine, 
$173,858.60, 

Interest and dividends to stockholders, . 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $20,975.65; other taxes and fees, $158, 
580.11, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. f 

Real estate, $1,593,892.06; mortgages,^ $112,750, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Bills receivable, not matured, .... 



$3,487,623 71 

420,000 00 

1,184,506 44 

434,493 34 

58,192 33 

33,585 03 

179,555 76 
150,565 16 
439,334 09 



$,387,855 86 
$15,144,215 12 



Total ledger assets, 



$1,706,642 06 

11,470,622 80 

972,574 33 

994,200 93 

175 00 

$15,144,215 12 



* Including $328,969.91 collected of previous years' premiums. 

t The company holds also instalment premium notes to the amount of $1,056,719.30, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
eai*ne<l. Whatever value is attached to them would necessarily be counterbalanced by 
the addition of an amount exactly equal to the reinsurance liability, the entire sum con- 
sisting of "unearned premiums." 

X Value of land, $156,750; buildings, $126,400; insurance thereon, $112,950. 



270 



HOME INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, §2,318; stocks and bonds, £5,625 ; other 

assets, §1,372.79, $9,315 79 

Market value of stocks and bonds over book value, . . 1,963,607 



Gross assets,* 



$17,117,138 11 



Assets not admitted. 
Agents 1 debits over three months due, . . $8,502 99 

Special deposits less §178,177.99 liab. thereon, 118,322 01 

Total unadmitted assets, .... 126,825 00 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $75,132.50 resisted, §1,309,559.84; 

less reinsurance, §552,445.36, 

Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and broker-. 
Due for reinsurance, 



§16,990,313 11 



$757,114 48 

5,986,873 00 

75,000 00 

163,848 17 

689,760 78 

$7,672,596 43 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... $9,317,71668 

Paid-up capital 3,000,000 00 

Surplus over capital and general liabilities, .... 6,317,716 68 



Total liabilities, . 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



116,990,313 11 



Risks and Premiums. 

Premiums. 

§1,172,837,268 00 $11,031,807 00 
1,046,614,153 00 10,628,215 27 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



$2,219,451,421 00 $21,66o.<>22 27 
. 925,503,952 00 8,588,522 27 



§1,293,947,469 00 §13,071,500 00 
. 217,877,329 00 2,058,387 00 



§1,076,070,140 00 §11,013,113 00 

.§19,138,816 00 §518,958 00 
. 65,283,683 00 556,997 26 



§84,422,499 00 $1,075,955 26 
65,409,045 00 557,932 26 



.§19,013,454 00 §518,023 00 
. 5,096,584 00 126,630 00 



$13,916,870 00 $391,393 00 



* Including $1,500,000 special reserve held under New York laws. 



HOME INSURANCE CO. 



271 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), 
Company's stock owned by directors, .... 



$147,097,011 00 
85,913,573 00 
3,395,455 00 
210,891 00 
12,025,000 00 
1,000,000 00 
420,000 00 
154,900 00 



Schedule A. 
Stocks and Bonds owned by the 



District of Columbia bonds, 
United States bonds, . 
New York city bonds, 
City of Richmond, Va , bonds, . 
New York State bonds, . 
State of Georgia bonds, . 
U. S. of Mexico bonds, 
Northern Pacific, Gt. Northern joint bonds, 
Pennsylvania R.R. bonds, .... 
N. Y., Chicago & St. Louis R.R. Co. bonds, 
Ohio & West Virginia R'y Co. bonds, 
Cleve., Colum., Cin. & Indianap. R.R. bonds, 
Louisville, New Albany & Chic. R'y bonds, 
West Shore R'y bonds, .... 
Jeflfers., Madison & Indianap. R.R. Co. bonds, 
Virginia Midland R'y Co. bonds, 
Cleveland Term. & Valley R.R. Co. bonds, 
Louisville, Hend. & St. Louis R'y Co. bonds, 
Union Pacific R R. bonds, .... 
Standard Gas Light Co. bonds, 
Des Moines Water Works Co. bonds, 
15,000 shares Pennsylvania R.R. Co., 
5,000 " Morris & Essex R.R. Co., . 
5,000 " Reading Co., 
3,000 " Baltimore & Ohio R.R. Co., 
5,000 - Southern R'y Co., 
2,650 " United N. J. R.R. & Canal Co., 
2,500 " Pitts., Ft Wayne & Chic. R'y Co 
2,000 " Baltimore & Ohio R.R , 
2,000 " Cleveland & Pitts. R.R. Co., 
2,000 " N. Y., N. H & Hart. R.R.' Co., 
1,000 " N. Y. Cent. & Hud. R. R.R. Co., 
1,000 " Ch., St. P., Minn. & Om. R'y Co., 
1,000 " Ft. Wayne & Jackson R.R. Co., . 
1,000 " Rensselaer & Saratoga R.R., 



Company. 

Book Value. 

$1,000,000 00 

600,000 00 

2,500,000 00 

50,000 00 

136,000 00 

25,000 00 

19,781 93 

124,877 50 

200,000 00 

112,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

42,000 00 

39,778 75 

50,000 00 

20,000 00 

19,954 40 

50,000 00 

48,000 00 

912,550 00 

405,631 56 

214,256 25 

236,861 25 

390,000 00 

630,527 86 

419,014 00 

210,307 50 

187,122 22 

430,815 50 

154,125 00 

95,725 00 

89,833 00 

177,000 00 



Market Value. 

$1,230,000 00 

810,000 00 

2,633,000 00 

56,000 00 

136,000 00 

26,000 00 

18,000 00 

380,000 00 

210,000 00 

116,480 00 

115,000 00 

132,000 00 

114,000 00 

110,000 00 

46,200 00 

57,500 00 

47,500 00 

25,750 00 

21,000 00 

57,500 00 

37,500 00 

1,132,500 00 

475,000 00 

210,000 00 

270,000 00 

450,000 00 

734,050 00 

475,000 00 

200,000 00 

190,000 00 

440,000 00 

150,000 00 

185,000 00 

145,000 00 

200,000 00 



272 



HOME FIRE AND MARINE INSURANCE CO. 



1,000 shares Connecticut River R.R. Co., . 

1,000 " Chic. & Northwestern R'y Co., 

1,000 " Northern K.R. of N. J., * . 

1,000 " Valley R.R. Co , . 

1,000 " Atch ., Topeka & Santa Fe R'y, 

1,000 " Union Pacific R.R., 

2,000 " Cons. Gas Co. of New York, 

200 " Am. Exch. Nat'l Bank of N. Y., 

200 M Nat'l Bank of Com in N. Y., 

200 " Fourth Nat'l Bank of N. Y., 

200 " Manhattan Company, N. Y., 

200 " Merch. Exch. N'l Bank of N. Y., 

200 " Nassau Bank, 

200 " Chatham Nat'l Bank of N. Y., 

100 " Bank of America, N. Y., 

200 " Franklin Trust Co., Brooklyn, 

50 " Metropolitan Trust Co., 

150 " Long Island Loan & Trust Co., 

100 " Van Norden Trust Co., 



Book Value. 

$249,264 00 

165,125 00 

93,000 00 

130,000 00 

77,700 00 

79,125 00 

442,725 00 

22,106 25 

31,925 00 

29,885 01 

15,997 50 

11,091 83 

15,229 37 

8,190 00 

20,247 12 

27,125 00 

9,125 00 

31,600 00 

20,000 00 



Market Value. 

1275,000 00 
230,000 00 
97,000 00 
128,000 00 
98,000 00 
90,000 00 
424,000 00 
53,000 00 
62,000 00 
44,000 00 
30,000 00 
15,000 00 
18,000 00 
16,250 00 
50,000 00 
64,000 00 
35,000 00 
45,000 00 
24,000 00 



$11,470,622 80 $13,434,230 00 



"HOME FIRE AND MARINE INSURANCE COMPANY OF 
CALIFORNIA," SAN FRANCISCO, CAL. 

[Incorporated September, 1864. Commenced business 1864.] 
Paid-up Capital, $300,000. 
WM. J. DUTTON, President. STEPHEN D. IVES, Secretary. 

Income. 

Net fire premiums, $997,139.35 ; marine, $83,126.56, . * $1,080,265 91 
Interest on mortgage loans, $14,064.55 ; collaterals, $742.51 ; 

stocks and bonds, $28,930.68; all other, $1,722.98, . . 45,460 72 

Rents. 3,509 10 

Profit on sale or maturity of ledger assets, . . . . 12,918 50 

From all other sources, 622 41 

Total income, $1,142,776 64 

Ledger assets, Dec. 31, 1901, 1,026,584 63 

Total, $2,169,361 27 

Disbursements. 

Net amount paid for fire losses, $361,532.26; marine, 

$45,034.72 $406,566 98 

Interest and dividends to stockholders, 36,000 00 

Commissions or brokerage, 173,886 71 

Salaries, fees, etc., of officers and employees, .... 107,850 23 

* Including $145,658.70 collected of previous years' premiums. 



HOME FIRE AND MARINE INSURANCE CO. 



273 



Rents, including company's own occupancy, .... 

Repairs and expenses on real estate, 

Real estate taxes, $2,048 . 92 ; other taxes and fees, $17,002 . 56, 
Loss on sale or maturity of ledger assets, .... 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 

Real estate, $120,975; mortgages,* $147,585, . 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, 

Total ledger assets, . 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Market value of stocks and bonds over book value, 

All other, 



$3,000 CO 
1,736 54 

19,051 48 
2,742 50 
7,258 91 

37,061 18 

$795,154 53 
1,374,206 74 



$268,560 00 

850,513 87 

82,120 04 

163,496 60 

9,516 23 

$1,374,206 74 



1,313 55 
1,727 13 
1,121 13 



Gross assets, $1,378,368 55 



Assets not admitted. 

Agents' debits, over three months due, . . $9,523 31 

Bills receivable, past due, .... 345 37 

Special deposits less $25,010.51 liab. thereon, 26,689 49 

Depreciation in book value of real estate, . 9,260 00 
Total unadmitted assets, . 



Total admitted assets, 



45,818 17 
$1,332,550 38 



Liabilities. 
Unpaid losses, including $6,350 resisted, $49,378.44; less 

reinsurance, $2,929.60, 

Unearned premiums on outstanding risks, $618,725.93; 

plus same on disallowed reinsurance, $12,046.93, 
Commissions and other charges due agents and brokers, 
Due for reinsurance 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$624,030 47 



$46,448 84 

630,772 86 

23,824 30 

7,473 91 

$708,519 91 

300,000 00 
324,030 47 

$1,332,550 38 



* Value of land, $300,100; buildings, $140,500; insurance thereon, $81,200. 



274 



HOME FIRE AND MARINE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 81, 1901, 
Fire risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks "written during 1902, . 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $70,273,279 00 
. 85,002,088 00 

$155,275,367 00 
. 62,647,090 00 

. §92,628,277 00 
. 10,731,327 00 



Premium*. 

$939,702 38 

1,216,786 91 

$2,156,489 29 

877,743 40 

$1,278,745 83 

161,011 54 



.§81,896,950 00 $1,117,734 29 



. $1,677,155 00 
. 9,215,049 00 



§10,892,204 00 
9,932,520 00 

$959,684 00 
110,700 00 



$52,046 93 
87,792 07 

$139,839 00 
93,106 16 

$46,732 84 
5,625 30 



$848,984 00 $41,107 54 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, . 



§12,686,547 00 

5,929,962 00 

376,629 00 

43,681 00 

1,128,500 00 

36,000 00 

1,400 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Oakland Gas Light & Heat Co. bonds, . . 815,447 50 §15,750 00 

Dalles City Water Co. bonds, .... 10,850 00 10,700 00 

Stockton Gas & Electric Co. bonds, . . . 10,225 00 10,250 00 

The Omnibus Cable Co. bonds, . . . 12,58125 12,700 00 

San Francisco & North Pacific R.R. Co. bond,. 35,728 00 36,800 00 

San Fran. & San Joaquin Valley R.R. Co. b"ds, 65,425 00 67,650 00 

Northern R'y Co. of Cal. bonds, . . . 16,188 00 15,950 00 

Presidio & Ferries R R. Co. bonds, . . . 18,240 00 18,630 00 

Market St. R'y Co. bonds, .... 50,11000 53,24000 

American -Hawaiian Steamship Co. bonds, . 10,000 00 10,500 00 

Los Angeles R'y Co. of Cal. bonds, . . . 60,990 00 61,620 00 

San Francisco Dry Dock Co. bonds, . . . 22,000 00 22,000 00 

Bay Counties Power Co. bonds, . . . 32,255 00 32,400 00 

Southern Pacific Branch R.R. bonds, . . 52,895 00 53,200 00 

North Pacific Const R.R. Co. bonds, . . 46,577 50 47,515 00 



HOPE MUTUAL FIRE INSURANCE CO. 



275 



Republic of Hawaii bonds, 
Keswick Electric Power Co. bonds, . 
Contra Costa Water Co. bonds, 
Oakland Transit bonds, .... 
Pacific Gas Improvement Co. bonds, 
South Pacific Coast R.R. Co. bonds, . 
Nevada County Electric Power Co. bonds, 
Sunset Tel. & Telegraph Co. of Cal. bonds, 
S. P R.R. Co. of Cal. bonds, . 
City of Baker, Ore., water bonds, 
School District 5, Baker City, Ore., bonds, 
50 shares Farm. & Mer. Sav. Bank, Oak., Cal 
25 " Bank of California, San Fran., 
200 " Oak. Gas Light & H. Co., Oak., Cal 
20 " First Nat'l Bank, San Francisco, 
490 " San Fran. G. & Elec. Co., San Fran 
100 " San Jose Water Co., San Jose, Cal 
150 " Spring Val. W. Works, San Fran., 
64 " Cal. St. Cable R.R. Co., San Fran., 
84 " Anglo-Cal. Bank, lim., San Fran., 
100 " Presidio & Fer. R.R. Co., S. Fran., 
173 " Marin Co. Water Co., San Fran., 



Book Value. 

$9,533 00 

10,000 00 

1,107 50 

17,587 50 

-2,902 50 

65,401 66 

29,965 00 

55,451 11 

51,682 50 

17,850 00 

3,150 00 

5,500 00 

8,974 00 

11,000 00 

3,800 00 

46,274 70 

9,170 00 

14,757 50 

6,973 25 

6,700 15 

2,500 00 

10,721 25 



Market Value. 

$10,000 00 
10,400 00 

1,085 00 
17,675 00 

2,850 00 
65,000 00 
29,965 00 
55,880 00 
51,230 00 
17,850 00 

3,150 00 

6,750 00 
11,250 00 
13,800 00 

8,000 00 
20,335 00 
10,500 00 
12,750 00 
12,160 00 

7,980 00 

4,000 00 
10,726 00 



|850,513 87 |852,241 00 



"HOPE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated March, 1875. Commenced business April, 1875.] 
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary. 

Income. 

Net premiums, $249,842.87 ; extra premiums, $1,336.04, . * $251,178 91 
Interest on mortgage loans, $400 ; stocks and bonds, $8,659 .07, 9,059 07 

Premiums paid in advance, 924 44 



Total income, 
Ledger assets, Dec. 31, 1901, 



$261,162 42 
175,498 97 



Total, f436,661 39 



Disbursements. 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 



$ 40,859 91 
169,656 72 

9,107 24 
696 00 

4,940 39 



* Including $9,006.90 collected of previous years' premiums. 



276 HOPE MUTUAL FIRE INSURANCE CO. 

Inspections, |5,702 30 

All other disbursements, 1,849 46 

Total disbursements, £ 232,812 02 

Balance, £203,849 37 

Ledger Assets. 

Mortgages,* $8,000 00 

Stocks and bonds (schedule A), 107,575 00 

Cash in banks and office, 4 39,024 81 

Agents' debits (gross), 4;444 97 

Cash loans, . ' 44,804 59 

Total ledger assets, £203,849 37 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, £100; stocks and bonds, £1,430.74; other 

assets, $432.20, 1,962 94 

Market value of stocks and bonds over book value, . . 57,442 00 

Gross assets, £263,254 31 

Liabilities. 

Unpaid losses, f5,895 55 

Unearned premiums on outstanding risks, .... 123,695 79 

Salaries and other miscellaneous expenses, due or accrued, . 4,626 91 

Premiums paid in advance, 924 44 

All liabilities, except surplus, $135,142 69 

Surplus, 128,111 62 

Total liabilities, £263,254 31 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem'8. 

Risks outstanding Dec. 31, 1901, £28,728,974 00 £251,445 13 £1,257,225 65 

Risks written during 1902, . 29,971,632 00 256,056 59 1,280,282 95 

Total, £58,700,606 00 £507,501 72 £2,537,508 60 

Risks expired and terminated, . 30,924,709 00 260,110 14 1,300,550 70 

In force at end of year, . . 827,775,897 00 £247,391 58 £1,236,957 90 

Miscellaneous. 

Losses incurred during the year, 830,662 00 

Profits or surplus returned during 1902, 68.56 per cent. 

* Value of property, $22,260; insurance thereon, $6,000. 



INDEMNITY FIRE INSURANCE CO. 277 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 



200 shares Chicago & Northwestern R.R., 
148^ " Chicago, Rock Is. & Pacific R.R., 
294 " Pennsylvania R.R., . 
150 " Illinois Central R.R., 
70 " Rensselaer & Saratoga R.R , . 
125 " United Gas & Electric Co., . 
N. Y., West Shore & Buffalo R.R. bonds, 
Northern Pacific-Gt. Northern R'y bonds, 
Pennsylvania R.R. Co. bonds, . 



$20,900 00 $44,000 00 

10,650 00 28,215 00 

18,525 00 22,932 00 

15,562 50 16,200 00 

12,827 50 15,050 00 

10,000 00 11,000 00 

2,000 00 2,260 00 

13,100 00 21,120 00 

4,010 00 4,240 00 



$107,575 00 $165,017 00 



"INDEMNITY FIRE INSURANCE COMPANY" OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated 1897. Commenced business Oct. 1, 1898.] 

Paid-up Capital, $200,000. 

J. MONTGOMERY HARE, President. J * H ' BURGER, ) Secretaries , 

h. b. anthony, > 

Income. 

Net fire premiums, . *$246,028 33 

Interest on stocks and bonds, 9,352 24 

Total income, $255,380 57 

Ledger assets, Dec. 31, 1901, * . 333,897 31 

Total, . $589,277 88 

Disbursements. 

Net amount paid for fire losses, $94,284 70 

Commissions or brokerage, 45,866 61 

Salaries, fees, etc., of officers and employees, .... 20,105 60 

Rents, including company's own occupancy, .... 1,991 34 

Taxes and fees, 6,721 79 

All other disbursements, 10,278 32 

Total disbursements, " . . $179,248 36 



Balance, . $410,029 52 

* Including $26,712.11 collected of previous years' premiums. 



278 



INDEMNITY FIRE IN>1 KANCE CO. 



Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents* debits (gross), .... 

Total ledger assets, .... 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



Assets not admitted. 
Agents' debits over three months due, .... 

Total admitted assets, 

Liabilities. 
Unpaid losses, including $2,845 resisted, $27,480 . 25 : less rein 

surance, $4,423.94, 

Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $756.45 : reinsurance, $649.86, 



All liabilities, except capital and surplus. 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$259,453 98 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$23,226,451 00 
. 23,933,745 00 

. |47,160496 00 

. 21,681,405 00 

. $25,478,791 00 

. 4,299,618 CO 



1365,206 25 
16,427 43 
28,395 

$410,029 52 



2,650 00 

17,373 75 

283 65 

$430,336 92 



1,240 12 
$429,096 80 



$23,056 31 

137,912 39 

3,069 73 

4,198 08 

1,406 31 

$169,642 82 

200,000 00 
59,453 98 

6429,096 80 



Premiums. 

$266,564 82 
316,299 29 

$582,864 11 
258,321 02 

$324,543 09 
60,433 98 



.$21,179,173 00 $264,109 11 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$654,525 00 
331,079 00 
100,808 
3,500 00 



THE INDIANAPOLIS FIRE INSURANCE CO. 



279 



Schedule A. 

Stocks and Bonds owned by the 



United States bonds, 

Oregon Short Line and Participating bonds, 

New York city loan, 

New York State loan, . . , 

Norfolk & Western R'y stock, . 
Southwestern R.R. Co. of Georgia stock, 
Twin City Rapid Transit R'y Co. stock, . 
Allegheny & Western R'y stock, 
Union Pacific R.R. Co. stock, . 
Chicago & Eastern Illinois R.R. Co. stock, 
Kan. City, Ft. Scott & Memphis R'y stock, 
Underwriters' Salvage Co. of N. Y. stock, 



Company. 

Book Value. 

$ 100,000 00 

5,400 00 

100,093 75 

26,062 50 

27,037 50 

10,600 00 

11,812 50 

28,675 00 

32,850 00 

13,700 00 

7,975 00 

1,000 00 



Market Value. 

$108,250 00 

5,767 50 

98,000 00 

25,500 00 

27,300 00 

12,300 CO 

15,600 00 

30,200 00 

37,000 00 

13,700 00 

7,962 50 

1,000 00 



$365,206 25 $382,580 00 



"THE INDIANAPOLIS FIRE INSURANCE COMPANY," 
INDIANAPOLIS, IND. 

[Incorporated July 12, 1899. Commenced business Sept. 1, 1899.] 

Paid-up Capital, $200,000. 

JOHN H. HOLLIDAY, President. H. C. MARTIN, Secretary. 

Income. 

Net fire premiums, $205,807 70 

Interest on mortgage loans, $11,131.86; bonds, $3,351.25; 

all other, $522.31, 15,005 42 

From all other sources, 5 16 

Total income, $220,818 28 

Ledger assets, Dec. 31, 1901, . . . . •. . . 366,008 41 

Total, $586,826 69 



Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 



Total disbursements, 
Balance, 



$72,641 86 

10,000 00 

46,024 72 

14,926 41 

769 99 

5,139 63 

825 44 

9,881 56 

$160,209 61 

$426,617 08 



280 



THE INDIANAPOLIS FIRE INSURANCE CO. 



Ledger Assets 



Mortgages,* 
Bonds (schedule A),. 
Cash in banks and office, 
Agents 1 debits (gross), 
All other ledger assets, 

Total ledger assets, 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $3,799.64; bonds, $695.08; other assets, 

$48.10, 

Market value of bonds over book value, 

Furniture, fixtures and safes, 



$241,000 00 

116,933 31 

29,324 79 

20,963 29 

18,395 69 

$426,617 08 



$4,542 82 

686 57 

5,387 22 



Gross assets, $437,233 69 



Assets not admitted. 
Furniture, fixtures and safes, .... $5,387 22 
Agents 1 debits over three months due, . . 353 29 
Total unadmitted assets, .... 



Total admitted assets, 

Liabilities. 

Unpaid losses, $18,063.86 ; less reinsurance, $3,502.50, . 
Unearned premiums on outstanding risks, $127,779.30; plus 

same on disallowed reinsurance, $371.20, . 
Due for reinsurance, 



5,740 51 
$431,493 18 



$14,561 36 

128,150 50 
1,050 20 

$143,762 06 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... $287,731 12 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 87,731 12 



Total liabilities, $431,493 18 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

$10,443,549 00 $137,373 74 
18,870,309 00 260,860 39 



$29,313,858 00 $398,234 13 
11,742,236 00 145,151 24 



$17,571,622 00 $253,082 89 
1,105,326 00 16,709 46 



$16,466,296 00 $236,373 43 



* Value of land, $436,705; buildings, $224,200; insurance thereon, $116,065. 



THE INSURANCE CO. OF NORTH AMERICA. 



281 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 
Bonds owned by the Company. 

Book Value. 



$412,962 00 
143,055 00 
80,016 00 
10,000 00 
10,000 00 
18,800 00 



United States bonds, . 
Shelby County, Ind., bonds, 
Anderson, Ind., city bonds, 
Vincennes, Ind., city bonds, 
Brazil, Ind., city bonds, 
Irvington, Ind., city bonds, 
Helena, Mont., bonds, 



$53,312 50 

10,984 39 

27,078 78 

11,691 00 

3,071 70 

8,237 64 

2,557 30 



Market Value. 

$54,125 00 

10,919 00 

27,147 48 

11,460 90 

3,150 90 

8,261 60 

2,555 00 



$116,933 31 $117,619 88 



"PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA," PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business as an association in 1792.] 

Paid-up Capital, $3,000,000. 

CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 



Income. 

Net fire premiums, $5,809,382.16; marine, $2,136,770.48, 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $70,948.42 ; collaterals,$9,527.07 ; 

stocks and bonds, $230,273.51 ; all other, $17,849.25, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



* $7,946,152 64 
23,267 63 

328,598 25 

42,644 44 

3,245 79 

6,275 42 



. $8,350,184 17 
. 8,424,545 84 

$16,774,730 01 



Disbursements. 

Net amount paid for fire losses, $2,828,417.55; marine, 

$1,017,855.41, $3,846,272 96 

Deposit premiums returned, 22,713 23 

Interest and dividends to stockholders, 359,940 00 



* Including $1,347,335.34 collected of previous years' premiums. 



282 



THE INSURANCE CO. OF NORTH AMERICA. 



Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $ 10,943 . 78 ; other taxes and fees, $ 148,435 . 22 

Loss on sale or maturity of ledger assets, 

Profit and loss, 

All other disbursements, 

Total disbursements, 



Balance, 



Ledger Assets. 
Real estate, $725,500; mortgages,* $1,130,997.29, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, not matured, 
All other ledger assets, 

Total ledger assets, . 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Market value of stocks and bonds over book value, 



Gross assets, 



Assets not admitted. 



$1,312,634 64> 

394,212 24 

32,391 22 

15,344 60 

159,379 00 

57,606 61 

1,291 88 

246,298 00 

$6,448,084 38 

$10,326,645 63 



$1,856,497 29 

825,900 00 

5,423,439 32 

1,157,412 94 

1,020,482 55- 

38,059 10 

4,854 43 

$10,326,645 63 



7,627 30 
368,310 68 

$10,702,583 61 



Loans on other companies' stock, 
Agents' debits over three months due, 
Special deposits less $178,230.06 liab. thereon, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$4,500 00 

33,900 11 

118,539 94 



156,940 05 
$10,545,643 56 



Liabilities. 

Unpaid losses, including $49,718.03 resisted, $826,649 ; less 
reinsurance and salvage, $88,649, 

Unearned premiums on outstanding risks, $4,112,643 . 42 ; plus 
same on disallowed reinsurance, $23,502.18, 

Reclaimable on perpetual fire policies, .... 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 

Commissions and other charges due agents and brokers, 

Due for reinsurance, 



All liabilities, except capital and surplus, 



8738,000 00 

4,136,145 60 

769,411 19 

60 00 

46,546 88 

40,000 00 

20,435 58 

$5,750,599 25 



* Value of land, $1,325,117; buildings, $1,565,569; insurance thereon, $1,1SU,725. 



THE INSURANCE CO. OF NORTH AMERICA. 



283 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$4,795,044 31 



Total liabilities, . 



. $3,000,000 00 
. 1,795,044 31 

$10,545,643 56 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$664,177,356 00 $7,457,311 56 
. 584,830,315 00 6,182,172 03 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$1,249,007,671 00 $13,639,483 59 
.589,711,343 00 5,869,763 42 



$659,296,328 00 $7,769,720 17 
. 43,343,615 00 493,243 53 



$615,952,713 00 $7,276,476 64 



Perpetual risks in force (not included above), $33,505,515 00 $846,772 12 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



. $5,252,027 00 $312,251 25 
. 392,609,705 00 2,185,365 21 



$397,861,732 00 $2,497,616 46 
. 391,356,118 00 2,135,497 46 



1,505,614 00 $362,119 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$161,789,475 00 

111,810,702 00 

2,707,918 00 

1,159,855 00 

15,613,934 00 

200,000 00 

360,000 00 

98,110 00 



Schedule A. 

Securities held as Collateral. 



100 shares Cambria Iron Co., . 
Electric & People's Traction Co. certificates, 
Western N. Y. & Pennsylvania R'y bonds, 
35 shares Consolidated Lake Superior Co., 
Philadelphia Electric Co. bonds, 
10 shares Home Insurance Co., N. Y., 
91 " Insurance Co. of No. America, 
20 " Little Schuylkill R.R., 
2 " Penn. Co. for Ins. on Lives, etc. 
City of Philadelphia bonds, 
25 shares Girard Trust Co., 



Market Value. 

$4,750 00 
980 00 
990 00 
1,435 00 
3,015 00 
3,300 00 
2,275 00 
1,200 00- 
1,250 00 
3,180 00. 

17,125 00 



Loaned Thereon. 

$1,500 00 
1,600 00 

3,300 00 

4,500 00 

5,000 00 
10,000 00 



284 



THE INSURANCE CO. OF NORTH AMERICA. 



Erie R.R. bonds, 

200 shares Amalgamated Copper Co., 

320 " Philadelphia Co., . 

100 " United Gas Improvement Co., 

500 " Union Traction Co., 

Distillers' Securities Corporation bonds, . 

Pennsylvania R.R. bonds, .... 

Real Estate in Port., Ore. & Tacoma, Wash., 

100 shares Pennsylvania Steel Co., . 

900 " Philadelphia Co., . 

100 " United Gas Improvement Co., 

Philadelphia city bonds, .... 
10 shares United Gas Improvement Co., 

100 " U. S. Steel Corporation, . 

200 " Atch., Topeka & Santa Fe R'y, 

350 " Baltimore & Ohio R.R., . 

100 " Consolidated Traction Co (N.J.) , 

975 " United States Steel Corporation, 

St. Louis Transit Co. notes, 

Choctaw, Oklahoma & Gulf R.R. bonds, . 

Erie R.R. bonds, 

50 shares Girard Trust Co., 

300 " Metropolitan Street R'y, N. Y., 

600 " Philadelphia Co 

346 " United Gas Improvement Co., 

Citizens' St. R R. (Indianapolis) bonds, . 
200 shares Chesapeake & Ohio R'y, 
200 " Erie & Pittsburgh R.R., 
50 " Fourth St. Nat'l Bank (Phila.), 
750 " Philadelphia Co., . 
200 " Tenn. Coal, Iron & R.R. Co., 
800 " United Gas Improvement Co., 

1,100 " United States Steel Corporation, 

Choctaw, Oklahoma & Gulf R.R. bonds, . 

Nassau Electric R.R. bonds, 

Omaha Gas Co. bonds, .... 

St. Louis Transit Co. notes, 

Texas & Pacific R'y bonds, 

Schedule B. 



Market Value. 

131,360 00 
12,775 00^ 
15,040 00 
11,062 50 
23,500 00 
325 00 | 
531 87 J 
66,000 00 

9,300 00 n 
42,300 00 i 
11,062 50 ) 
84,800 00 \ 

1,106 25 i 

3,625 00 ) 
16,825 00 s 
35,000 00 I 

6,800 00 }► 
53,953 13 I 
20,160 00 J 
83,437 50 
42,500 00 
34,250 00 v 
42,225 00 j 
28,200 00 } 
38,276 25 I 
16,350 00 J 

9,675 00 ^ 
31,600 00 
12,500 00 
35,250 00 
12,000 00 
88,500 00 
44,837 50 

9,000 00 
11,440 00 
15,300 00 
10,560 00 
14,430 00 J 



Loaned Thereon. 

$25,000 00 



}► 50,000 00 

50,000 00 
50,000 00 

80,000 00 

100,000 00 
100,000 00 

125,000 00 



y 220,000 00 






$1,065,857 50 $825,900 00 



Stocks and Bonds owned by the Company. 

Book Value. Market Valae. 

Territory of New Mexico bonds, . . . 82,000 00 $2,240 00 

Georgia State loan 25,000 00 28,000 00 

Grant County, New Mexico, bonds, . . . 8,000 00 8,000 00 

Boston, Mass., city bonds, .... 112,00000 120,96000 

Baltimore, Md., city bonds, .... 200,000 00 200,000 00 



THE INSURANCE CO. OF NORTH AMERICA. 



285 



County of Colfax, New Mexico, bonds, 
Chicago, 111., bonds, .... 
City of Portland, Ore., bonds, . 
Richmond, Va., city bonds, 
City of Montreal, Can., bonds, . 
Toledo, Ohio, water works bonds, . 
City of Raton, New Mexico, bonds, . 
County of Delaware, Pa , bonds, 
Atchison, Topeka & Santa Fe R'y bonds, 
Atlantic City R.R. bonds, . 
Atlantic & Danville R'y bonds, 
Baltimore & Ohio R.R. bonds, . 
Belt R.R. & Stockyard Co. bonds, . 
Bergen County R.R. bonds, 
Baltimore & Potomac R.R. bonds, . 
Cleveland, Lorain & Wheeling R'y bonds, 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Camden & Atlantic R.R. bonds, 
Chic, St. Louis & New Orleans R.R. bonds, 
Chicago, Rock Island & Pacific R'y bonds, 
Chicago & Erie R.R. bonds, 
Canadian Northern R'y bonds, . 
Choc, Oklahoma & Gulf R.R. bonds, 
Choctaw & Memphis R.R. bonds, 
Delaware River R.R. & Bridge Co. bonds, 
Delaware & Chesapeake R'y bonds, 
Empress Elizabeth R'y of Austria bonds, 
Erie R.R. bonds, .... 
Jefferson R.R. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Lehigh Valley R.R. bonds, 
Lehigh Valley R'y bonds, 
Lehigh Valley Terminal R'y bonds, 
Louisville & Nashville R.R. bonds, . 
McKeesport & Bell Vernon R.R. bonds, 
N. Y., Lake Erie & Western R.R. bonds, 
N. Y., Philadelphia & Norfolk R.R. bonds, 
Norfolk & Western R'y bonds, 
North Pennsylvania R.R. bonds, 
Northern Central R'y bonds, . 
Northern Pacific R'y bonds, 
Pennsylvania R.R. bonds, . 
Pennsylvania & N. Y. Canal & R.R. bonds, 
Philadelphia & Baltimore Cent. R.R. bonds, 
Philadelphia & Erie R.R. bonds, 
Philadelphia & Reading R.R. bonds, 
Pitts., McKeesport & Yough. R.R. bonds, 
Pitts., Cin., Chic. & St. Louis R'y bonds, . 



Book Value. 

$100 00 

4,139 32 

50,000 00 

53,000 00 

111,000 00 

1,000 00 

200 00 

50,000 00 

100,000 00 
25,000 00 
24,000 00 

183,000 00 
50,000 00 
50,000 00 
15,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 

124,750 00 
50,000 00 
20,000 00 

100,000 00 
50,000 00 
50,000 00 

100,000 00 
40,000 00 

245,000 00 
39,000 00 

100,000 00 

102,000 00 
50,000 00 
40,000 00 
54,000 00 
20,000 00 

200,000 00 
50,000 00 

248,000 00 
5,000 00 
6,000 00 

200,000 00 
50,000 00 
75,000 00 

100,000 00 

150,000 00 

200,000 00 
50,000 00 
95,000 00 



Market Value. 

f 100 00 

4,100 00 

57,500 00 

56,710 00 

124,320 00 

1,020 00 

200 00 

50,000 00 

102,000 00 
24,500 00 
23,750 00 

184,200 00 
55,000 00 
55,000 00 
17,450 00 
56,500 00 
56,000 00 
52,500 00 
51,000 00 

134,000 00 
60,500 00 
20,000 00 

110,500 00 
58,000 00 
52,500 00 

100,000 00 
40,000 00 

242,500 00 
40,950 00 

107,000 00 

106,620 00 
54,000 00 
44,800 00 
62,640 00 
24,600 00 

228,000 00 
51,000 00 

250,000 00 
5,600 00 
6,180 00 

208,000 00 
53,000 00 
77,250 00 

105,000 00 

178,500 00 

217,500 00 
70,000 00 
95,000 00 



286 



KINGS COUNTY FIRE INSURANCE CO. 



Schuylkill River East Side R.R. bonds, . 

Read. Co. & Phil. & Read. C'l & I'n Co. bonds, 

San Antonio & Aransas Pass R'y bonds, . 

Steubenville & Indiana R.R. bonds, . 

Terminal R.R. Association of St. Louis bonds 

Texas & Pacific R'y bonds, 

Tioga R.R. bonds, 

Union Pacific R R. bonds, . 

JVest Shore R.R. bonds, . 

Western N. Y. & Penn. R'y bonds, 

Wilmington & Weldon R.R. bonds, 

Consolidated Traction Co., N. J., bonds, . 

Equitable Illuminating Gas Light Co. bonds, 

Belgian government fund bonds, 

Jersey City, Hoboken & Pater. St. R'y bonds, 

Lehigh Valley Traction Co. bonds, . 

New York Dock Co. bonds, 

Philadelphia Co. bonds, .... 

100 shares Philadelphia National Bank, 
70 " Philadelphia Bourse, . 

500 " North Penn. R.R. Co., . 

100 " Del. & Bound Brook R.R., . 
1,000 " Philadelphia Traction Co., . 
1,250 " United Gas Improvement Co., 

165 "- New York Dock Co., . 
10 " Underwriters' Salvage Co., N. Y.. 



Book Value. 

$17,000 00 

140,000 00 
17,800 00 

200,000 00 
40,000 00 
17,000 00 
22,000 00 

150,000 00 
25,000 00 
99,000 00 
50,000 00 

100,000 00 

148,000 00 
49,000 00 
41,000 00 
46,500 00 
16,500 00 
50,000 00 
10,000 00 
950 00 
50,000 00 
19,000 00 
98,000 00 

125,000 00 

13,500 00 

1,000 00 



Market Value. 

$18,530 00 

145,500 00 
18,270 00 

222,000 00 
47,200 00 
17,340 00 
23,100 00 

157,500 00 
28,500 00 
99,000 00 
52,500 00 

110,000 00 

161,320 00 
49,000 00 
39,000 00 
42,500 00 
15,675 00 
55,500 00 
30,500 00 
950 00 
54,500 00 
20,600 00 
98,000 00 

140,000 00 
9,075 00 
1,000 00 



£5,423,439 32 |5,791,750 00 



"KINGS COUNTY FIRE INSURANCE COMPANY;' NEW YORK, 

N. Y. 

[Incorporated Oct. 21, 1S58. Commenced business Oct. 21, 1S5S.J 

Paid-up Capital, $200,000. 

FRANK LOCK, President. CHRIS J. WOLF, Secretary. 

Income. 

Net fire premiums, *f 211, 114 44 

Interest on mortgage loans, $395.11; stocks and bonds, 

$9,904.44; all other, §435.53, 10,735 08 

Rents, including company's own occupancy, .... 3,041 12 



Total income, $224,890 64 

Ledger assets, Dec. 31, 1901, 311,452 11 



Total, . 



. $536,342 75 



* Including $35,428.37 collected of previous years' premiums. 



KINGS COUNTY FIRE INSURANCE CO. 



287 



Disbursements. 

Net amount paid for fire losses, $71,573 67 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 42,724 10 

Salaries, fees, etc., of officers and employees, .... 4,413 00 

Rents, including company's own occupancy, .... 1,173 00 

Repairs and expenses on real estate, 1,821 81 

Real estate taxes, $1,306. 11 ; other taxes and fees, $3,316.97, . 4,623 08 

Return premiums and reinsurance unpaid in 1901, . . . 5,256 17 

All other disbursements, 6,687 30 

Total disbursements, $148,272 13 



Balance, $388,070 62 



Ledger Assets 

Real estate, 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents 1 debits (gross), .... 

Total ledger assets, .... 



$67,500 00 

274,014 69 

12,050 39 

34,505 54 

$388,070 62 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



1,091 23 
345 66 

46,025 31 



Gross assets, $435,532 82 



Liabilities. 

Unpaid losses, including $1,100 resisted, 815,034.29; less 
reinsurance, $784, 

Unearned premiums on outstanding risks, $99,921.61; plus 
same on disallowed reinsurance, $221.56, . 

Dividends due stockholders, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $2,039.82 ; reinsurance, $3,292.06, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$304,970 02 



$14,250 29 

100,143 17 

219 60 

10,617 86 

5,331 88 

$130,562 80 

200,000 00 
104,970 02 



Total liabilities, $435,532 82 



288 



LAFAYETTE FIRE INSURANCE CO, 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.|18,779,135 00 $171,887 39 
. 23,120,445 00 227,871 64 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$41,899,580 00 $399,759 03 
20,779,729 00 192,546 33 



. 121,119,851 00 f 207,212 70 
. 1,742,861 00 19,688 65 



$19,376,990 00 ?187,524 05 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 



f3,350,200 00 

1,578,893 00 

70,216 00 

810,264 00 

50,000 00 

10,000 00 

7,340 00 



New York city bonds, .... 
Tenth & Twenty-third Sts. Ferry Co. stock, 
Consolidated Gas Co. of New York stock, 
Atch., Topeka & Santa Fe R.R. stock, 
Norfolk & Western R.R. Co. stock, . 
Pennsylvania R.R. stock, .... 
Union Pacific R.R. stock, .... 



Book Value. 

8209,325 62 
9,250 00 
20,895 32 
10,275 00 
7,012 50 
8,006 25 
9,250 00 



Market Value. 

|205,200 00 

00 

73,440 00 

10,000 00 

7,300 00 

7,800 00 

9,300 00 



§274,014 69 f320,040 00 



"LAFAYETTE FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Re-incorporated Feb. 10, 1S97. Commenced business Feb. 11, 1- 
Paid-up Capital, $200,000. 
ALLEN W. ADAMS, President. EDWARD H. BETTS, Secretary. 

Income. 

Net fire premiums, -5483,155 83 



Interest on stocks and bonds, 88,946 
Cash paid in by stockholders, . 

Total income, 
Ledger assets, Dec. 31, 1901, . 

Total, 



29; allother, $1,550.79, 10,497 08 
100,000 00 



. $593,652 91 

518,357 26 

. $1,112,010 17 



LAFAYETTE FIRE INSURANCE CO. 



289 



Disbursements 

Net amount paid for fire losses, 
Commissions or brokerage, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 

Stocks and bonds (schedule A), 

Cash in banks, 

Agents' debits (gross), 
All other ledger assets, 

Total ledger assets, . 



|337,814 25 

146,581 97 

4,607 80 

3,060 00 

4,984 50 

|497,048 52 

$614,961 65 



$438,950 00 

42,560 30 

113,907 29 

19,544 06 

$614,961 65 



Non-Ledger Assets. 
Interest accrued on stocks and bonds, 



Gross assets, 



2,515 82 
$617,477 47 



Liabilities. 

Unpaid losses, $29,810 48 

Unearned premiums on outstanding risks, $253,696.77 ; plus 

same on disallowed reinsurance, $1,035.95, . . . . 254,732 72 

Commissions and other charges due agents and brokers, . 33,872 19 

Due for reinsurance, 3,882 97 

All liabilities, except capital and surplus, . . . $322,298 36 
Surplus to policy holders, .... $295,179 11 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 95,179 11 

Total liabilities, $617,477 47 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$40,697,020 00 $495,839 03 
. 45,372,027 00 651,618 22 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $86,069,047 00 $1,147,457 25 
. 47,583,283 00 629,254 46 



. $38,485,764 00 $518,202 79 
. 1,366,668 00 18,414 06 



.$37,119,096 00 $499,788 73 



290 THE LIVERPOOL AND LONDON AND GLOBE INSURANCE 



Miscellaneous. 

Premiums received from re-organization of company, . 
Losses paid from re-organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



3 00 
967,590 00 
342,67* 

00 

129,900 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



New York city bonds, .... 
Massachusetts State bonds, 

Pennsylvania R.R. bonds, .... 
Union Pacific R.R. bonds, .... 
300 shares Consolidated Gas Co. of N. Y., 
200 " Metropolitan St. R'y Co. of X. Y., 
100 " Cleve., Cin., Chic. & St. Lo. R'y Co., 
300 " Union Pacific R.R. Co., . 



Book Value. 

«2 15,000 00 
27,500 00 
42,400 00 
21,000 00 
65,100 00 
28,200 00 
9,600 00 
30,150 00 



Market Value. 

1215,000 00 

27,500 00 

42,400 00 

21,000 00 

.100 00 

00 

9,600 00 

30,150 00 



$438,950 00 $438,950 00 



-THE LIVERPOOL AND LONDON AND GLOBE IXSURAX 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated 1896. Commenced business 1S97.] 

Paid-up Capital, $200,000. 

HENRY W. EATON, President. GEO. W. HOTT, Secretary. 

Income. 

Net tire premiums, * f 239,250 05 

Interest on stocks and bonds, f 9,7 12. 54 ; all other, f 2,07 2. 83, 11,785 37 

Total income $251,035 42 

Ledger assets, Dec. 31, 1901, 333,558 12 

Total, ?584,593 54 

Disbursements. 

Net amount paid for fire losses, $75.49 

Commissions or brokerage, 3<\412 69 

Salaries, fees, etc., of officers and employees, .... 3,737 50 

Taxes and fees 4,928 28 

All other disbursements, 4.421 97 

Total disbursements ? 118,990 48 

Balance, 6465.603 06 

* Including $6T,T01.S3 collected of previous years' premiums. 



THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 291 



Ledger Assets. 

Stocks and bonds (schedule A), 

Cash in banks, 

Agents' debits (gross), 



. $286,388 48 

107,470 01 

71,744 57 



Total ledger assets, $465,603 06 

Assets not admitted. 

Agents' debits over three months due, . . $44 82 

Depreciation in book value of stocks and bonds, 3,644 73 

Total unadmitted assets, .... 3,689 55 



Total admitted assets, 



. $461,913 51 



Liabilities. 

Unpaid losses, $30,190; less reinsurance, $13,602, . . . $16,588 00 
Unearned premiums on outstanding risks, $123,026.20, plus 

same on disallowed reinsurance, $90.49, .... 123,116 69 

Commissions and other charges due agents and brokers, . 5,335 90 

Due for return premiums, $1,500 ; reinsurance, $3,500, . . 5,000 00 

Reserved for contingencies, 4,000 00 

All liabilities, except capital and surplus, . . . $154,040 59 
Surplus to policy holders, .... $307,872 92 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, .... 107,872 92 



Total liabilities, $461,913 51 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, . . . . 

Net amount in force, . 



Premiums. 



. $17,633,069 00 $212,274 01 
. 22,777,211 00 307,178 21 



.$40,410,280 00 $519,452 22 
. 19,923,997 00 229,199 25 



,486,283 00 $290,252 97 
4,149,005 00 64,237 85 



$16,337,278 00 $226,015 12 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$498,427 00 

209,955 00 

82,188 00 

3,500 00 



292 manufacturers' mutual fire insurance oo. 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $39,793 75 $38,500 00 

New York city bonds, 210,044 73 206,943 75 

Union Pacific R.R. stock 17,225 00 18,600 00 

Baltimore & Ohio R.R. stock 19,325 00 18,700 00 



$286,388 48 $282,743 75 



"MANUFACTURERS 1 MUTUAL FIRE INSURANCE COMPANY OF 
RHODE ISLAND," PROVIDENCE, R I. 

[Incorporated 1835. Commenced business Dec. 1, 1835.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Income. 

Net premiums * f 346,104 44 

Interest on stocks and bonds, $ 16,195.63 ; all other, $874. 17, 17,069 80 

From all other sources, 18 00 

Total income, f 363,192 24 

Ledger assets, Dec. 31, 1901, 351,046 41 

Total, $714,238 65 

Disbursements. 

Net amount paid for losses, $24,761 04 

Profits on terminated policies, 274,573 78 

Salaries, fees, etc., of officers and employees, .... 8,342 08 

Rents, 621 50 

Taxes and fees, 6,171 25 

Inspections, 5,480 96 

All other disbursements, 1,358 88 

Total disbursements, $321,309 49 

Balance, $392,929 16 

Ledger Assets. 

Stocks and bonds (schedule A), $379,223 44 

Cash in banks 8,3€ 

Agents 1 debits (gross), 5,336 75 

Total ledger assets, I '16 

Non-Ledger Assets. 

Interest accrued : — 

On stocks and bonds, $4,188.55 : other assets, 876.44, . . 4,264 99 

Market value of stocks and bonds over book value, . . 119,982 68 

Gross assets, $517,176 8 

* Including $4,719.31 collected of previous years' premiums. 



MANUFACTURERS MUTUAL FIRE INSURANCE CO. 



293 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, .... 
Premiums paid in advance, 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$477 04 

168,994 65 

5,011 72 

18 00 

$174,501 41 
342,675 42 

$517,176 83 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $38,062,038 00 $295,537 20 $1,477,686 00 
Risks written during 1902, . 45,013,294 00 353,069 10 1,765,345 50 



Total, $83,075,332 00 $648,606 30 $3,243,031 50 

Risks expired and terminated, . 40,482,500 00 310,617 00 1,553,085 00 



In force at end of year, 



.$42,592,832 00 $337,989 30 $1,689,946 50 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 91.79 per cent. 



$23,324 00 



Schedule A. 

Stocks and Bonds owned by the 



United States bonds, 

Rhode Island State bonds, 
150 shares Providence & Worcester R.R., 
100 
100 
900 
59 
743 
100 
100 
100 
110 
100 
300 
144 
210 
100 
Pennsy 



Boston & Providence R.R , 
Rome, Watertown & Ogden. R.R., 
Pennsylvania R.R., . 
Old Colony R.R., . 
Northern Securities Co., . 
N. Y., N. H. & Hartford R.R., 
Chic, Mil. & St. Paul R.R., . 
Cleve., Cin.,Chic. & St. Louis R.R, 
Chic, Burlington & Quincy R.R., 
Chicago & Northwestern R.R., 
Union Pacific R.R., . 
Illinois Central R.R., 
American National Bank, Prov., 
National Bank of Commerce, . 
lvania R R. bonds, .... 



Company. 

Book Value. 

$10,000 00 

50,000 00 

32,500 00 

25,300 00 

11,812 50 

52,563 50 

10,595 62 

42,048 80 

22,862 50 

17,337 50 

9,925 00 

13,362 50 

15,912 50 

26,189 07 

18,607 70 

5,100 00 

3,600 00 

11,506 25 



Market Value. 

$13,600 00 
55,250 00 
45,000 00 
30,000 00 
13,800 00 
70,087 50 
12,213 00 
83,773 25 
22,300 00 
19,200 00. 
12,000 00 
22,000 00 
21,925 00 
27,900 00 
21,114 00 
11,340 00 
5,500 00 
12,204 37 



$379,223 44 $499,207 12 



294 



THE MECHANICS INSURANCE CO. 



"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA; 1 

PHILADELPHIA, PA. 

[Incorporated April 13, 1854. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 

SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 

Income. 

Net fire premiums, * $369,375 14 

Deposit premiums on perpetual risks, 16,303 69 

Interest on mortgage loans, $14,560.44 ; collaterals, $ 348. 81 ; 

stocks and bonds, $19,295 ; all other, $352.15, 
Rents, including company's own occupancy, 
From all other sources, .... 



Total income, 

Ledger assets, Dec. 31, 1901, 

Total 

Disbursements 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $1,132.68 ; other taxes and 

Loss on sale or maturity of ledger assets, 

All other disbursements, .... 

Total disbursements, .... 



fees, $9,828.18 



Balance, 



Ledger Assets 

Real estate, $81,693.51 ; mortgages,! $289,010 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' debits (gross), .... 
All other ledger assets, .... 



Total ledger assets, 



34,556 40 

5,574 98 

296 63 

. $426,106 84 
-,188 07 

. $1,251,294 91 



$161,667 74 

8,686 22 

20,000 00 

81.231 20 

14,126 00 

2,500 00 

386 14 

10,960 86 

1,450 61 

17,730 55 

$318,739 32 



$932,555 59 



$370,703 51 

25,600 00 

440.577 26 

26,350 31 

66.205 34 

3,119 17 

$932,555 59 



* Including $70,387.57 collected of previous years' premiums. 

t Value of land, $233,850; buildings, $365,950 ; insurance thereon, $277,325. 



THE MECHANICS' INSURANCE CO. 



295 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, |3,898.36 ; stocks and bonds, $3,486.63 ; col- 
lateral loans, $205.17, $7,590 16 

Rents due on company's property, 30 00 

Market value of stocks and bonds over book value, . . 40,485 24 



Gross assets, $980,660 99 



Assets not admitted. 

Agents' debits over three months' due, . . $435 08 

Depreciation in book value of real estate, . 2,193 51 

Total unadmitted assets, .... 2,628 59 



Total admitted assets, 



$978,032 40 



Liabilities. 

Unpaid losses, including $4,750 resisted, $28,039.80; less 

reinsurance, $2,500, $25,539 80 

Unearned premiums on outstanding risks, $190,287.32; plus 

same on disallowed reinsurance, $18,013.82, . . . 208,301 14 

Reclaimable on perpetual fire policies, . . . . . 272,538 04 

Commissions and other charges due agents and brokers, . 16,066 57 

Due for return premiums, $7,897 ; reinsurance, $6,736.89, . 14,633 89 

All liabilities, except capital and surplus, . . . $537,079 44 
Surplus to policy holders, .... $440,952 96 

Paid-up capital, 250,000 00 

Surplus over capital and general liabilities, .... 190,952 96 



Total liabilities, $978,032 40 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . . $33,157,144 00 $371,880 29 
Fire risks written during 1902, . . . 32,155,874 00 390,508 89 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 



$65,313,018 00 $762,389 18 
29,510,181 00 344,108 72 



$35,802,837 00 $418,280 46 
3,986,906 00 52,209 71 



Net amount in force, $31,815,931 00 $366,070 75 

Perpetual risks in force (not included above), $13,090,673 00 $300,585 06 



296 



THE MECHANICS INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of compan}*, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



14,294,280 00 

2,415,653 00 

151,186 00 

600,660 00 

20,000 00 

54,600 00 



Schedule A. 

Securities held as Collateral. 

Market Value. 

Philadelphia City Pass. R'y bonds, . . . $5,700 00 

Philadelphia Electric Co. bonds, . . . 1,385 00 

200 shares Pennsylvania Steel Co. . . 18,500 00 

200 " Union Traction Co., . . . 9,325 00 



Loaned Thereon. 

$4,600 00 
1,000 00 

20,000 00 



Schedule B. 

Stocks and Bonds owned by the 



Philadelphia, Wilm. & Bait. R.R. bonds, 
Union Passenger R'y bonds, 
Borough of Clifton Heights, Pa., bonds, 
Schuylkill River East Side R.R. bonds, 
Northern Pacific Terminal bonds, . 
Philadelphia & Erie R.R. bonds, 
North Pennsylvania R.R. bonds, 
Toledo Electric Street Pass. R'y Co. bonds, 
United States bonds, . . . 
Consolidated Traction Co. of X. J. bonds, 
Second Ave. Traction Co., Pittsburgh, bonds, 
Terminal R.R. Asso. of St. Louis bonds, . 
Com. of Pennsylvania, Allegheny Co., bonds, 
City of Altoona, Pa., bonds, 
Lehigh Valley R.R. bonds, 
City of Philadelphia bonds, 
Pitts., Cin., Chic. & St. Louis R'y Co. bonds, 
Allegheny Valley R.R. bonds, . 
Second Ave. R R. of the City of N. Y. bonds, 
Pennsylvania Co. bonds, .... 
Camden & Suburban R'y Co. bonds, 
Edison Electric Light gold stock tr. certs., 
Philadelphia Co. bonds, .... 
200 shares The Fairm't P. & Had. P. R'y Co , 
100 " Union Passenger R'y Co., 
30 " 13th & 15th Sts. Passenger R'y, 
20 " 2d & 3d Sts. Passenger R'y, . 



$34,910 00 $25,600 00 



Company. 

Book Value. 

$2,180 00 

21,000 00 

3,000 00 

30,900 00 

10,825 00 

28,000 00 

13,255 00 

10,000 00 

6,181 25 

8,435 00 

10,000 00 

10,000 00 

5,050 00 

9,000 00 

9,825 00 

21,063 00 

11,025 00 

6,487 50 

18,000 00 

19,600 00 

5,350 00 

7,927 50 

22,144 25 

12,025 01 

18,337 50 

5,883 75 

3,982 50 



Market Value. 

12,130 00 

21,850 00 

3,000 00 

33,300 00 

11,600 00 

29,820 00 

12,760 00 

10,750 00 

6,812 50 

10,725 00 

11,500 00 

11,700 00 

5,125 00 

9,000 00 

10,362 50 

21,200 00 

11,200 00 

6,112 50 

17,700 00 

19,100 00 

5,350 00 

7.770 00 

21,850 00 

15,000 00 

24,000 00 

9,300 00 

6,070 00 



mechanics' mutual FIRE INSURANCE CO. 297 

I 

Book Value. Market Value. 

1,000 shares Philadelphia Traction Co., . . $82,375 00 $98,000 00 

600 " Union Traction Co., . . . 28,725 00 27,975 00 

$440,577 26 $481,062 50 

« MECHANICS' MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1871. Commenced business 1871.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

Income. 

Net premiums, * $227,444 95 

Interest on stocks and bonds, $8,672 ; all other, $666.05, . 9,338 05 

Total income, $236,783 00 

Ledger assets, Dec. 31, 1901, 201,092 36 

Total, $437,875 36 

Disbursements. 

Net amount paid for losses, $17,239 76 

Profits on terminated policies, 175,690 51 

Salaries, fees, etc., of officers and employees, . . . 5,447 36 

Rents, 405 42 

Taxes and fees, . 4,042 57 

Inspections, 3,564 99 

All other disbursements, 959 26 

Total disbursements, $207,349 87 

Balance, $230,525 49 

Ledger Assets. 

Stocks and bonds (schedule A), $202,951 77 

Cash in banks, 23,715 20 

Agents 1 debits (gross), 3,858 52 

Total ledger assets, $230,525 49 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, $2,066.22 ; other assets, 

$146.54, 2,212 76 

Market value of stocks and bonds over book value, . . 54,123 98 

Gross assets, $286,862 23 

* Including $3,503.39 collected of previous years' premiums. 



298 



MECHANICS AND TRADERS INSURANCE CO. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, ..... 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, . 



Risks and Premiums. 



Amount. 

Risks outstanding Dec. 31, 1901, $24,756,953 00 
Risks written during 1902, . 29,443,741 00 



Total, §54,200,694 00 

Risks expired and terminated, . 26,301,424 00 



Cash Prem's. 

$193,400 77 
232,314 57 

$425,715 34 
203,474 41 



|252 74 

111,120 47 

3,380 23 

f 114,753 44 

172,108 79 

$286,862 23 



Contin« t Prem's. 

1967,003 85 
1,161,572 85 

£2,128,576 70 
1,017,37: 



In force at end of year, . . $27,899,270 00 

Miscellaneous. 

Losses incurred during the year 

Profits or surplus returned during 1902, 90 per cent. 

Schedule A. 



$222,240 93 $1,111,204 65 



f 16,469 00 



Stocks and Bo7ids otcned by the Company. 

Book Value 

United States bonds, .... 
Rhode Island State bonds, 
Pennsylvania R.R. bonds, . 
100 shares Rome, Watert'n & Ogden. R.R 



100 " N. Y, Lack. & Western R.R., 

500 " Pennsylvania R.R, . 

100 " Cleve., Cin., Chic. & St. Louis R.R. 

110 « Chic, Burl. & Quincy R.R., 

300 " Union Pacific R.R , . 

83 " Natl B'k of Commerce, Prov., R. I., 

373 " Northern Securities Co., . 



$15,000 00 
51,625 00 

6,000 00 
11,812 50 
12,200 00 
31,421 50 
10,162 50 
13,362 50 
26,089 07 

3,315 00 
21,963 70 



Market Value. 

|20,400 00 
55,250 00 

6,367 50 
13,800 00 
13,800 00 
38,937 50 
12,000 00 
22,000 00 
27,900 00 

4,565 00 
42,055 75 



$202,951 77 $257,075 75 



"MECHANICS' AND TRADERS 1 INSURANCE COMPANY/" 
NEW ORLEANS, LA. 

[Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1£ 
Paid-up Capital, $300,000. 



JAMES NICHOLS, President. 



K. L. EMERY Secretary. 



Income. 

Net fire premiums, #250,629.80 ; marine, 69,730.95, . . * $260,360 75 
Interest on stocks and bonds, $15,040; all other, $301, . . 15,34100 



* Including §29,214.84 collected of previous years' premiums. 



mechanics' and traders' INSURANCE CO. 



299 



Rents, including company's own occupancy, . 
From all other sources, 



$1,356 70 
281 73 






Total income, $277,340 18 

Ledger assets, Dec. 31, 1901, 461,62120 



Total, $738,961 38 



Disbursements. 

Net amount paid for fire losses, $148,016.30; marine, 

|1,056.74 $149,073 04 

Commissions or brokerage, 49,676 31 

Salaries, fees, etc., of officers and employees, .... 13,348 14 

Rents, including company's own occupancy, .... 300 00 

Repairs and expenses on real estate, 2,783 15 

Real estate taxes, $669.95; other taxes and fees, $7,582.02, . 8,251 97 

Loss on sale or maturity of ledger assets, . . . . 130 00 

All other disbursements, 8,342 36 

Total disbursements, < . $231,904 97 



Balance, $507,056 41 



Ledger Assets. 
Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks, .... 
Agents 1 debits (gross), 
Bills receivable, not matured, . 

Total ledger assets, 

Non-Ledger Assets. 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



$23,300 00 

393,061 15 

35,542 67 

52,952 59 

2,200 00 

$507,056 41 



3,000 00 
15,028 95 

$525,085 36 



Liabilities. 

Unpaid losses, including $2,963.94 resisted, $23,738.72 ; less 

reinsurance, $11,517.99, $12,220 73 

Unearned premiums on outstanding risks, $133,810.30; plus 

same on disallowed reinsurance, $2,892.50, . . . . 136,702 80 

Commissions and other charges due agents and brokers, . 6,475 02 

Due for return premiums, $3,604.95 ; reinsurance, $7,342.58, 10,947 53 



All liabilities, except capital and surplus, 



$166,346 08 



BOO mechanics' and traders' dcsubance <<>. 

Surplus to policy holders, .... $358,739 28 

Paid-up capital, £300,000 00 

Surplus over capital andgeneral liabilities, .... 58,739 28 



Total liabilities, $525,085 36 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . .$ 25,418,549 00 $283,353 78 



Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1902, 
Risks expired and terminated, . 



. 29,899,804 00 357,961 38 



.$55,318,353 00 $641,315 16 
. 26,837,594 00 307,281 56 



. $28,480,759 00 $334,033 60 
. 5,768,455 00 71,613 39 



.$22,712,304 00 $262,420 21 

. $4,875,427 00 $20,826 75 
. 4,875,427 00 20,826 75 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$8,145,910 00 

4,478,798 00 

136,681 00 

2,638 00 

1,178,337 00 

112,300 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Louisiana State bonds, $150,903 75 $156,600 00 

New Orleans city bonds, 174,767 70 174,415 10 

New Orleans City & Lake R.R. bonds, . . 6,060 00 6,675 00 

150 shares People's Bank, New Orleans, . . 11,400 00 18,900 00 

10 " Prov. Sav. & Trust Dep. Co., N. O., 780 00 1,300 00 

6 " Hibernia Bank & Trust Co., . . 1,499 70 2,550 00 

200 " Standard Guano & Chem. Mfg. Co., 40,000 00 40,000 00 

50 " Standard Cotton Seed Oil Co., . 3,750 00 3,750 00 

30 " National Acid Co., .... 3,900 00 3,900 00 



$393,061 15 $408,090 10 



MERCANTILE MUTUAL FIRE INSURANCE CO. 301 



"MERCANTILE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1884. Commenced business August, 1884.] 
HENRY T. GRANT, Jr., President. ALFRED U. EDDY, Secretary. 

Income. 

Net premiums * $191,349 25 

Interest on collaterals, $ 294. 05 ; stocks and bonds, $ 6,057. 03, 6,351 08 

Profit on sale or maturity of ledger assets, .... 280 00 

Total income, $ 197,980 33 

Ledger assets, Dec. 31, 1901, 145,238 69 

Total, $343,219 02 

Disbursements. 

Net amount paid for losses, $56,372 67 

Profits on terminated policies, 111,558 12 

Salaries, fees, etc., of officers and'employees, .... 14,863 06 

Rents, 1,250 00 

Taxes and fees, 3,939 95 

All other disbursements, 8,422 22 

Total disbursements, $ 196,406 02 

Balance $146,813 00 

Ledger Assets. 

Loans secured by collateral (schedule A), . . . $3,500 00 

Stocks and bonds (schedule B), 121,846 50 

Cash in banks and office, 17,794 92 

Agents 1 debits (gross), 3,671 58 

Total ledger assets, $146,813 00 

Non-Ledger Assets. 

Interest due and accrued : — 
On stocks and bonds, $1,937.83 ; other assets, f 23.60, . . 1,961 43 

Market value of stocks and bonds over book value, . . 35,298 50 

Gross assets, $184,072 93 

* Including $8,460.41 collected of previous years' premiums. 



302 



MERCANTILE MITIAL FIRE INSURANCE CO. 



Liabilities. 

Unpaid losses, $3,479 24 

Unearned premiums on outstanding risks, .... 90,093 37 

Salaries and other miscellaneous expenses, due or accrued, . 3,603 72 

All liabilities, except surplus, f 97, 176 33 

Surplus, 86,896 60 

Total liabilities, 1184,072 93 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1901, $21,587,114 00 
Risks written during 1902, . 22,535,730 00 



Total, $44,122,844 00 

Risks expired and terminated, . 23,847,339 00 



Cash Prem's. Conting't Prem'g. 

$188,507 15 $942,535 75 
196,924 56 984,622 80 



$385,431 71 $1,927,158 55 
205,244 97 1,026,224 85 



In force at end of year, 



. $20,275,505 00 $180,186 74 $900,933 70 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1902, 58.3 per cent. 



$32,584 00 



Schedule A. 

Securities held as Collateral. 



30 shares Nat'l Bank of Commerce, Prov., 
15 " City National Bank, Worcester, 
Lawrence Co., Dak., refunding bond, 
Denver Consolidated Electric Co. bond, . 

Schedule B. 
Stocks and Bonds owned by the 

100 shares Boston & Maine R.R., 
118 " Pitts., McKees. & Youg., 
240 " Illinois Central R.R. Co., 
150 " Rhode Island Investment Co., 
100 " American Express Co., . 

30 " Ut., Che. & Susq. Val. R.R. Co., 
100 " Wells, Fargo Co., . 

15 " United National Bank, . 
Chicago, Burlington & Quincy bonds, 
United States bonds, 



Market Value. Loaned Thereon. 

$1,500 00 \ 
1,500 00 

500 00 [ 
1,000 00 J 



$4,500 00 $3,500 00 



Company. 

Book Value. 

$19,525 00 

8,080 00 

24,075 50 

15,250 00 

11,075 00 

4,128 50 

13,025 00 

3,000 00 

4,000 00 

19,687 50 



Market Value. 

$19,400 00 

8,260 00 

35,040 00 

18,000 00 

23,000 00 

4,650 00 

22,500 00 

3,015 00 

3,840 00 

19,440 00 



$121,846 50 $157,145 00 



merchants' mutual FIRE INSURANCE CO. 303 



"MERCHANTS' MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated Oct. 12, 1874. Commenced business Nov. 1, 1874.] 
WILLIAM B. McBEE, President. JAMES H. SWEET, Assistant Secretary. 

Income. 

Net premiums, * f 223,678 28 

Interest on stocks and bonds, $9,121.67 ; all other, $2,425.89, 11,547 56 

Profit on sale or maturity of ledger assets, .... 10,876 35 

Total income, f 246,102 19 

Ledger assets, Dec. 31, 1901, 238,111 22 

Total, ' $484,213 41 

Disbursements. 

Net amount paid for losses, $19,956 50 

Profits on terminated policies, 172,280 38 

Salaries, fees, etc., of officers and employees, .... 4,552 54 

Rents, including company's own occupancy, . . . % . 640 01 

Taxes and fees, 3,995 44 

All other disbursements, . . 4,350 46 

Total disbursements, $205,775 33 

Balance $278,438 08 

Ledger Assets. 

Stocks and bonds (schedule A), $235,225 10 

Cash in banks 39,426 82 

Agents' debits (gross), 3,786 16 

Total ledger assets, $278,438 08 

Non-Ledger Assets. 
interest accrued : — 

On stocks and bonds, $3,664.10 ; other assets, $395.94, . . 4,060 04 

Market value of stocks and bonds over book value, . . 54,689 90 

Gross assets, $337,188 02 

Assets not admitted. 

Agents' debits over three months due, ..... 250 

Total admitted assets, $337,185 52 

* Including $3,448.55 collected of previous years' premiums. 



304 



MERCHANTS MUTUAL PIKE 1NM KANCE ((J. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Taxes, 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1901,823,561,103 00 $189,081 22 
Risks written during 1902, . 28,423,189 00 227,671 13 



Total 151,984,292 00 $416,752 35 

Risks expired and terminated, . 24,971,320 00 198,229 16 



$714 73 

109,261 59 

3,396 49 

f 113,372 81 

223,812 71 

$337,185 52 



C'onting't Prem's. 

6945,406 10 
1,138,355 65 

12,083,761 75 
991,145 80 



In force at end of year, 



$27,012,972 00 $218,523 19 $1,092,615 95 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1902, 90.39 per cent. 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

Rhode Island State bonds £30,000 00 

United States bonds, 9,000 00 

Chicago, Burlington & Quincy R.R. bonds. . 3,000 00 

United Traction & Electric Co. bonds, . . 10,000 00 

Gt. Northern & North Pacific bonds, . . 13,99151 

Pennsylvania R.R. Co. bonds, .... 2,004 85 

240 shares Illinois Central R.R., . . . 24,078 75 

100 " Mahoning Coal Co., . . . 6,050 00 

100 " Hereford Co 10,128 13 

50 " Albany & Susquehanna R.R., . . 12,150 00 

100 " Chicago & Northwestern R.R., . 10,000 00 

16 " Chic, Rock Island & Pacific R.R., . 1,548 90 

100 " Rome, Watertown & Og. R.R., . 10,000 00 

150 " Pennsylvania R.R., .... 8,546 66 

100 »• Morris & Essex R.R., . . . 9,212 50 

50 " Rensselaer & Saratoga R.R., . . 9,900 00 

75 " Pitts., Ft W. & Chic. R.R., . . 13,462 50 

300 " National Bank of North America, . 14,750 00 

200 " National Bank of Commerce, . . 14,000 00 

100 " Lime Rock National Bank, . . 500 00 

82 " Merchants 1 National Bank, . . 4,100 00 

50 " Old National Bank, .... 5,000 00 

50 " Mechanics' National Bank, . . 2,500 00 



$19,987 00 



Market Value. 
$33,150 00 

12,218 00 

2,939 00 

11,350 00 

27,260 00 

2,122 00 

35,220 00 

5,450 00 

10,100 00 

12,150 00 

21,900 00 

3,104 00 

13,700' 00 

11,672 00 

9,575 00 

10,500 00 

14,250 00 

17,100 00 

11,000 00 

150 00 

6,355 00 

4,750 00 

2,600 00 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



305 



50 shares Upper Coos R.R. Co., 

50 " Pitts., Bessemer & Lake Erie R.R., 



Book Value. Market Value. 

$7,450 00 $7,500 00 
3,851 30 3,800 00 



$235,225 10 |289,915 00 



"MICHIGAN FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated February, 1881. Commenced business March, 1881.] 
Paid-up Capital, $400,000. 
D. M. FERRY, President. E. J. BOOTH, Secretary. 

Income. 

Net fire premiums, * $460,396 09 

Interest on mortgage loans, $34,117.17; stocks and bonds, 
$1,265; allother, $2,655.02, . ... . 38,03719 

Rents, 

Profit on sale or maturity of ledger 



assets, 



From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total 



2,357 57 
290 00 

705 30 



$501,786 15 
735,432 67 

$1,237,218 82 



Disbursements. 

Net amount paid for fire losses, .... 
Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $4,132.41 ; other taxes and fees, $16,146.73, 

Loss on sale or maturity of ledger assets, 

Return premiums and reinsurance unpaid in 1901, . 

All other disbursements, 

Total disbursements, 



Balance, 

Ledger Assets. 

Real estate, $99,030.01 ; mortgages,! $567,722, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents 1 debits (gross), 

All other ledger assets, 

Total ledger assets, 



$177,770 75 

24,000 00 

95,219 94 

15,451 00 

3,600 00 

2,772 24 

20,279 14 

3,389 66 

7,897 61 

33,527 55 

$383,907 89 

$853,310 93 



$666,752 01 

60,250 00 

73,263 51 

52,197 94 

847 47 

$853,310 93 



* Including $68,088.87 collected of previous years' premiums. 

t Value of land, $889,420; buildings, $692,250; Insurance thereon, $407,920. 



106 



MICHIGAN FIRE AND MAUINK INSURANCE OO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $10,107.13 ; stocks and bonds, $1,123.33 ; other 
assets, $160.72, 



Gross assets, 



$11,391 18 
$864,702 11 



Liabilities. 

Unpaid losses, including $12,100 resisted, $34,130.08 ; less re- 
insurance, $10,756.13, 

Unearned premiums on outstanding risks, $284,412.97 ; plus 
same on disallowed reinsurance, $2,012.58, . 

Due for reinsurance, 

All liabilities, except capital and surplus, . y 
Surplus to policy holders, .... $549,297 16 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



$23,373 95 

286,455 55 
5,575 45 

$315,404 95 

400,000 00 
149,297 16 

Total liabilities, $864,702 11 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $45,464,845 00 

. 40,101,101 00 

.$85,565,946 00 

. 36,688,996 00 

. $48,876,950 00 

. 4,160,301 00 



Premiums. 

$526,905 79 
528,589 95 

$1,055,495 74 
458,857 31 

$596,638 43 
53,852 64 



$44,716,649 00 $542,7> 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by' the Company. 

Book Value. 

People's Savings Bank stock, .... $6,250 00 

Detroit city bonds, 10,000 00 

Flint city school bonds, 4,000 00 

Michigan Steamship Co. bonds, . . . 15,000 00 

Union Trust Co., Detroit, Mich., bonds, . . 25,000 00 



$7,175,306 00 

3,903,670 00 

178,235 00 

370,000 00 

24,000 00 

138,850 00 



Matket Value. 
$6,250 00 

10,000 00 

4,000 00 

15,000 00 

25,000 00 






$60,250 00 $60,250 00 



MIDDLESEX MUTUAL ASSURANCE CO. 



307 



"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE- 
TOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary. 



Income. 



Net fire premiums, . 
Interest on stocks and bonds, 
Rents, .... 
From all other sources, 

Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $2,867 ; other taxes and fees, $4,942.45, 
Premiums and commissions paid on purchase of securities, 
All other disbursements, 



$146,655 22 

22,601 22 

8,522 92 

1 20 

$177,780 56 
762,023 74 

$939,804 30 



$64,2^7 78 

24,020 55 

21,251 90 

4,013 73 

7,809 45 

22,912 50 

7,387 02 



Total disbursements, $151,652 93 



Balance, $788,151 37 

Ledger Assets. 

Real estate, . $194,000 00 

Stocks and bonds (schedule A), 523,100 00 

Cash in banks and office, 37 320 94 

Agents 1 debits (gross), 33,729 23 

All other ledger assets, 1 20 



Total ledger assets, $788,151 37 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



135,497 50 



Gross assets, $923,648 87 



Assets not admitted. 
Agents 1 debits over three months due, . 

Total admitted assets, .... 



8,173 57 
$915,475 30 



* A mutual company. 



308 



MIDDLESEX MUTUAL ASSURANCE CO. 



Liabilities. 

Unpaid losses, including $2,150 resisted, $7,954 08 

Unearned premiums on outstanding risks, .... 218,520 51 

Commissions and other charges due agents and brokers, . 8,432 31 

All liabilities, except surplus, $234,906 90 

Surplus, 680,568 40 

Total liabilities, 8915,475 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $ 43,842,103 00 
. 17,243,278 00 

.$61,085,381 00 
. 12,733,939 00 

. $48,351,442 00 
4,050 00 



Premiums. 

$341,897 15 
152,539 07 

$494,436 22 
89,227 64 

$405,208 58 
20 00 



.$48,347,392 00 $405,188 58 



Miscellaneous. 
Losses paid from organization of company, 
Fire losses incurred during the year, 

Schedule A. 
Stocks and Bonds owned by the 



Middletown, Conn., town bonds, 

Portland, Conn., town bonds, . 

Nebraska Loan & Trust Co. bonds, . 

N. Y., New Haven & Hartford R.R. bonds, 

Omaha Water Co. bonds, .... 

The L. D. Brown & Son Co. bonds, . 

W. & B. Douglas Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

Union Pacific R.R. bonds, .... 

Pennsylvania R.R. bonds, . 

St. Paul, Minn. & Manitoba R.R. bonds, . 

The Eisenhuth Horseless Vehicle Co. bonds, 

400 shares N. Y., N. H. & Hartford R.R., 

100 ' 

300 ' 

150 ' 

40 ' 

42 ' 



Louisville & Nashville R.R , . 
Chicago & Northwestern R.R., 
Middletown National Bank, Conn 
First Natl Bank, Middlet'n, Conn 
Middlesex Co.N'l B'k, Middletown, 



Company. 

Book Value. 

$15,000 00 
100,000 00 
55,000 00 
15,000 00 
10,000 00 
25,000 00 

5,000 00 
40,000 00 
40,000 00 
40,000 00 
10,000 00 
10,000 00 
15,000 00 

8,800 00 
40,000 00 
10,000 00 
30,000 00 
11,250 00 

4,000 00 

4,200 00 



$1,355,409 00 
69,789 00 



Market Value. 

$15,450 00 

102,000 00 

55,000 00 

33,000 00 

10,000 00 

25,000 00 

5,000 00 

35,200 00 

39,300 00. 

40,6C0 00 

10,600 00 

10,550 00 

20,700 00 

12,000 00 

89,600 00 

12,800 00 

67,850 00 

15,750 00 

4,000 00 

3,360 00 



millers' NATIONAL INSURANCE CO. 309 



30 shares Central National B'k, Middletown, 
6 " First National Bank, Portland, 

90 " Omaha Water Co., . 
400 " Pennsylvania R.R. Co., . 
100 " Illinois Central R.R., 



Book Value. Market Value. 

$2,250 00 $2,400 00 

600 00 600 00 

2,000 00 2,000 00 

20,000 00 31,175 00 

10,000 00 14,662 50 



$523,100 00 $658,597 50 



"MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.] 

Paid-up Capital, $200,000. 

C. H. SEYBT, President. W. L. BARNUM, Secretary. 

Income. 

Net fire premiums, . * $250,691 95 

Interest on stocks and bonds, 27,167 83 

From all other sources, 321,950 24 



Total income, $599,810 02 

Ledger assets, Dec. 31, 1901, 516,137 42 

Total, $1,115,947 44 

Disbursements. 

Net amount paid for fire losses, $353,402 65 

Commissions or brokerage, 31,647 86 

Salaries, fees, etc., of officers and employees, .... 48,669 33 

Taxes and fees, 6,818 95 

All other disbursements, 27,969 49 

Total disbursements, $468,508 28 

Balance, $647,439 16 

Ledger Assets. 

Mortgages,! $118,000 00 

Stocks and bonds (schedule A), 562,414 05 

Cash in banks and office, 81,231 13 

Agents' debits (gross), 20,225 35 

$781,870 53 

Deduct guarantee deposits, 134,431 37 

Total ledger assets, $647,439 16 

* Including $21,495.89 collected of previous years' premiums. 

t Value of land, $113,250; buildings, $208,000; insurance thereon, $122,500. 



310 MILLERS' NATIONAL INSURANCE CO. 



Non-Ledger Assets. 

Interest accrued : — 

On mortgages, $2,246.66 ; stocks and bonds, $8,960.30, . . $ 11,206 96 

Market value of real estate over book value, .... 64,780 77 

Deposit notes, 2,522,818 30 

Gross assets, $3,246,245 19 



Assets not admitted. 
Deposit notes, 2,522,818 30 

Total admitted assets, $ 723,426 89 



Liabilities. 

Unpaid losses, including $10,111.11 resisted, . . . f 50,155 56 
Unearned premiums on outstanding risks, $200,404.85 ; plus 

same on disallowed reinsurance, $67,215.68, . . . 267,620 53 

Commissions and other charges due agents and brokers, . 3,3C5 11 

Due for return premiums, 2,966 42 

All liabilities, except capital and surplus, . . . 1324,047 62 
Surplus to policy holders, .... $399,379 27 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, .... 199,379 27 

Total liabilities, $723,426 89 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . . 825,221,257 00 $403,302 93 

Fire risks written during 1902, . . . 20,569,314 00 331,624 67 

Total 845,790,571 00 $734,927 60 

Risks expired and terminated, .... 16,870,720 00 253,764 70 

In force at end of year, $28,919,85100 $481,162 90 



Miscellaneous. 
Premiums received from organization of company, . . $5,422,811 00 
Losses paid from organization of company, .... 3,939,221 00 
Fire losses incurred during the year, 368,958 00 



MILLERS NATIONAL INSURANCE CO. 



311 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States, D. C, bonds $50,000 00 $62,000 00 

Cook County, 111., bonds, 60,000 00 61,200 00 

City of Chicago bonds 10,000 00 10,150 00 

Chicago Board of Trade bonds, . . . 10,000 00 10,300 00 

Chicago Passenger R'y bonds 20,000 00 20,100 00 

North Chicago City R'y bonds, . . . 10,000 00 10,500 00 

St. Louis, Cass Ave. & Fair Gr'ds R.R. bonds, 25,000 00 25,500 00 

Illinois Central R.R. bonds, .... 25,000 00 27,343 75 

Chicago, Milwaukee & St. Paul R.R. bonds, . 10,000 00 11,750 00 

Chicago, Burlington & Quincy R.R. bonds, . 13,000 00 13,260 00 

North Chicago Electric R'y bonds, . . . 10,000 00 10,900 00 

Chicago Electric Trausit R'y bonds, . . 25,000 00 27,250 00 

Sanitary district of Chicago bonds, . . . 20,000 00 20,937 50 

Village of Harlem, 111., bonds,. . . . 1,000 00 1,005 00 

Marseilles, 111., bonds, 5,000 00 5,118 75 

Effingham, 111., bonds 2,500 00 2,571 87 

Tracy, Minn., bonds, 5,000 00 5,143 75 

Osgood, Ind , bonds, ...... 3,000 00 3,150 00 

Aberdeen, S. D , bonds 10,000 00 11,637 50 

Des Plaines, 111., bonds, 2,056 35 2,056 35 

Whiteside County, 111., bonds, .... 3,500 00 3,517 50 

Town of Wade, 111., bonds, .... 18,000 00 18,225 00 

Lincoln, 111., bonds, 25,000 00 25,406 25 

Bonne Terre, Mo., bonds, 16,000 00 17,600 00 

Poplar Bluff, Mo., bonds, 10,000 00 10,900 00 

Town of Proviso, 111., bonds, .... 3,000 00 3,015 00 

Windsor, 111., bonds, 10,000 00 10,850 00 

Mechanicsburg, 111., bonds, .... 3,500 00 3,613 75 

White County, Ind., bonds, .... 10,000 00 10,187 50 

Lawrence County, 111., bonds, .... 12,000 00 12,180 00 

Mishawaka, Ind., bonds, 15,000 00 15,150 00 

Jasper County, Ind., bonds 5,000 00 5,193 75 

Sullivan County, Ind., bonds 5,000 00 5,087 50 

Chicago Gas Light & Coke Co. bonds, . . 10,000 00 10,900 00 

Kahoka, Mo., bonds, 12,800 00 13,984 00 

Doniphan, Mo., bonds, 15,000 00 15,150 00 

Mead County, S. D., bonds, .... 1,800 00 1,977 75 

St. Claire County, 111., bonds, .... 7,000 00 7,542 50 

Caruthersville, Mo., bonds, .... 26,000 00 26,260 00 

Stoddard County, Mo., bonds, .... 16,157 70 16,480 85 

South Side Elevated R'y Chicago stock, . . 11,100 00 12,099 00 

Chicago National Bank stock, .... 10,000 00 40,000 00 



$562,414 05 $627,194 82 



312 MILWAUKEE PIBE INSURANCE Co. 



"MILWAUKEE FIRE INSURANCE COMPANY; 1 MILWAUKEE, V. 

[Incorporated March 22, 1898. Commenced business March 23, 1898.] 
Paid-up Capital, $200,000. 
WM. L. JONES, President. If. ,\ . NOLTE, Secret, 

Income. 

Net fire premiums, * f 281,472 33 

Interest on mortgage loans, $10,517.83; bonds, $9,052.32 ; 

all other, $ 776. 11, 20,346 26 

From all other sources, 1 77 

Total income, $301,820 36 

Ledger assets, Dec. 31, 1901, 439,721 25 

Total, $741,541 61 

Disbursements. 

Net amount paid for fire losses, $118,154 02 

Commissions or brokerage, 70,010 50 

Salaries, fees, etc., of officers and employees, .... 12,880 84 

Rents, including company's own occupancy 700 00 

Taxes and fees, 8,247 88 

Loss on sale or maturity of ledger assets, .... 2,562 00 

All other disbursements, 8,874 07 

Total disbursements, $221,429 31 

Balance, $520,112 30 

Ledger Assets. 

Mortgages,! $226,500 00 

Bonds (schedule A), 245,412 50 

Cash in banks and office, 20,865 60 

Agents 1 debits (gross) 27,334 20 

Total ledger assets, $520,112 30 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $ 2,200; bonds, $7 16. 67, 2,916 67 

Gross assets, $523,028 97 

* Including $24,685.33 collected of previous years' premiums. 

t Value of land, $287,150; buildings, $289,950; insurance thereon, $193,000. 



MILWAUKEE FIKE INSURANCE CO. 



313 



Liabilities. 

Unpaid losses, including $3,400 resisted, $35,111.48; less 
reinsurance, f 2,607. 11, $32,504 37 

Unearned premiums on outstanding risks, $195,922.43; plus 

same on disallowed reinsurance, $1,059.26, . . . . 196,981 69 

Commissions and other charges due agents and brokers, . 5,466 84 

All liabilities, except capital and surplus, . . . $234,952 90 
Surplus to policy holders, .... $288,076 07 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 88,076 07 

Total liabilities, $523,028 97 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$28,770,467 00 

. 24,603,067 00 

. $53,373,534 00 

. 21,771,429 00 

. $31,602,105 00 

. 2,409,281 00 



Premiums. 

$345,145 19 
320,156 52 

$665,301 71 
274,542 55 

$390,759 16 
32,937 13 



. $29,192,824 00 $357,822 03 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$998,519 00 

499,911 00 

122,741 00 

65,150 00 



Schedule A. 
Bonds owned by the Company. 



South Side Elevated R.R. Co. (Chic.) bonds, 
Southern Railway -Co. bonds, . 
Union Pacific R.R. Co. bonds, . 
Milwaukee Heat, Light & Traction Co. bonds 
Wisconsin Traction Light, H. & P. Co. bonds, 
Wisconsin Central R'y Co. bonds, . 
Flint & Pere Marquette R'y Co. bonds, . 
Niagara Falls Hyd. Power & Mfg. Co. bonds, 
Atlantic Coast Line R.R. Co. bonds, 
Wabash R.R. Co. bonds, .... 
Norfolk & Western Pocahontas joint bonds, 



Book Value. 

$62,422 50 

9,500 00 

10,275 00 

23,540 00 

9,750 00 

22,625 00 

11,300 00 

8,850 00 

35,350 00 

29,050 00 

22,750 00 



Market Value. 

$62,422 50 

9,500 00 

10,275 00 

23,540 00 

9,750 00 

22,625 00 

11,300 00 

8,850 00 

35,350 00 

29,050 00 

22,750 00 



$245,412 50 $245,412 50 



314 MILWAUKEE MECHANICS' INSURANCE CO. 



"MILWAUKEE MECHANICS 1 INSURANCE COMPANY," 
MILWAUKEE, W T IS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

WM. L. JONES, President. OSCAR GRIEBLING, Secretary. 

Income. 

Net fire premiums, *f 1,449,514 24 

Interest on mortgage loans, $49,923.60; stocks and bonds, 

$48,127.33; all other, $760.05, .- 98,810 98 

Rents, including company's own occupancy, .... 4,43335 

From all other sources, 4,987 99 

Total income, $1,557,746 56 

Ledger assets, Dec. 31, 1901, 2,392,785 91 

Total, $3,950,532 47 

Disbursements. 

Net amount paid for fire losses, $601,814 27 

Interest and dividends to stockholders, 80,000 00 

Commissions or brokerage, 300,820 40 

Salaries, fees, etc., of officers and employees, .... 79,718 47 

Rents, including company's own occupancy, .... 5,551 25 

Repairs and expenses on real estate, 3,054 73 

Real estate taxes, $970.53; other taxes and fees, $45,249.06, . 46,219 59 

Loss on sale or maturity of ledger assets, .... 37,119 24 

Profit and loss, . 9,236 80 

All other disbursements 65,322 20 

Total disbursements, $1,228,856 95 

Balance, $2,721,675 52 

Ledger Assets. 

Real estate, $64,000; mortgages,f $1,217,830.80, . . . $1,281,830 80 

Stocks and bonds (schedule A), 1,171,553 75 

Cash in banks and office, 60,422 97 

Agents' debits (gross), 207,868 00 

Total ledger assets, $2,721,675 52 

1 ^ 

* Including $208,223.79 collected of previous years' premiums. 

t Value of land, $2,261,137; buildings, $1,219,650; insurance thereon, $820,250. 



MILWAUKEE MECHANICS' INSURANCE CO. 315 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $24,241.97 ; stocks and bonds, $ 5,941. 66, . $30,183 63 



Gross assets,* f 2,751, 859 15 

Assets not admitted. 
Special deposits, less $4,955.66 liability thereon, . . . 55,044 34 



Total admitted assets, $2,696,814 81 

Liabilities. 

Unpaid losses, including $15,600 resisted, $136,609.74; less 

reinsurance, $38,515.16, $98,094 58 

Unearned premiums on outstanding risks, $1,087,005.71; 

plus same on disallowed reinsurance, $3,243.40, . . . 1,090,249 11 

Commissions and other charges due agents and brokers, . 34,644 66 

Reserve for reinsurance company, 64,453 81 



All liabilities, except capital and surplus, . . . $1,287,442 16 
Surplus to policy holders, .... $1,409,372 65 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 1,209,372 65 



Total liabilities, $2,696,814 81 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . $178,080,294 00 $2,112,772 87 
Fire risks written during 1902, . . . 129,683,837 00 1,699,610 25 



Total, $307,764,131 00 $3,812,383 12 

Risks expired and terminated, .... 117,273,655 00 1,471,758 35 



In force at end of year $190,490,476 00 $2,340,624 77 

Amount reinsured 22,238,933 00 299,909 65 



Net amount in force, . . . . $168,251,543 00 $2,040,715 12 

Miscellaneous. 

Premiums received from organization of company, . $18,402,409 00 

Losses paid from organization of company, .... 9,351,314 00 

Fire losses incurred during the year, 599,807 00 

Cash dividends declared from organization of company, . 1,060,000 00 
Dividends declared during the year (40 per cent.), . . 80,000 00 

Company's stock owned by directors, 49,730 00 

* Including $200,000 special reserve held by treasurer of State of Wisconsin. 



316 



THE NASSAU FIRE INSURANCE CO. OF likOOKLYN. 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Washington County (Wis.) bonds, . . . $36,312 50 $36,312 50 

Racine (Wis.) school bonds, .... 22,200 00 22,200 00 

Milwaukee city bonds, 163,61125 163,61125 

Brown County (Wis.) bonds, .... 16,800 00 16,800 00 

Milwaukee County (Wis.) bonds, . . . 24,437 50 24,437 50 

St. Paul (Minn.) bonds 138,750 00 138,750 00 

Ramsey County (Minn.) bonds, . . . 109,375 00 109,375 00 

Sanitary district of Chicago bonds, . . . 53,000 00 53,000 00 

South Side Kiev. R.R. Co. (Chicago) bonds, . 101,500 00 101,500 00 

Chicago, Burlington & Quincy R'y Co. bonds, . 5,800 00 5,800 00 

Union Pacific R.R. Co. bond- . . . 25,687 50 25,687 50 

Elgin, Joliet & Eastern R'y Co. bonds, . . 28,000 00 28,000 00 

Chicago & Alton R'y Co. bonds, . . . 23,700 00 23,700 00 

Milwaukee Light, Heat & Trac. Co. bonds, . 37,450 00 37,450 00 

Milwaukee City R'y Co. bonds, . . . 26,250 00 26,250 00 

Southern R'y Co. bonds, 21,420 00 21,420 00 

Wabash R.R. Co. bonds 9,750 00 9,750 00 

Southern R'y Co. (Atlantic & Danville) bonds, 23,750 00 23,750 00 

Portland (Ore.) water bonds 60,000 00 60,000 00 

Kansas City Southern R'y Co. bonds, . . 34,500 00 34,500 00 

Niagara Falls Hyd. Power & Mfg. Co. bonds, . 17,700 00 17,700 00 

Flint & Pere Marquette R'y Co. bonds, . . 22,600 00 22,600 00 

Wisconsin Central R'y Co 36,200 00 36,200 00 

Norfolk & Western Pocahontas joint bonds, . 45,500 00 45,500 00 

Toledo, Walhond. Val. & Ohio R.R. Co. bonds, 56,375 00 56,375 00 

Wisconsin Trac , Lt., Heat & Power Co. bonds, 14,625 00 14,625 00 

Milwaukee Electric R'y & Light Co. stock, . 12,000 00 12,000 00 

Milwaukee Underwriters' Bldg. Asso. stock, . 4,260 00 4,260 00 

$1,171,553 75 $1,171,553 75 



" THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN," 

NEW YORK, N. Y. 

[Incorporated Jan. 30, 1S52. Commenced business Feb. 3, 186BL] 

Paid-up Capital, 5200,000. 

WM. HARKXESS, President. THOS. M. HARRIS, Secretary. 

Income. 

Net fire premiums, * 1261,487 55 

Interest on stocks and bonds, 19,294 38 

Rents, 1,791 62 

Profit on sale or maturity of ledger assets, .... 7,642 50 

Total income, f 290,216 05 

Ledger assets, Dec. 31, 1901, 345,131 52 

Total f635,347 57 

* Including $22,011.60 collected of previous years' premiums. 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 317 

Disbursements. 

Net amount paid for fire losses, $109,027 58 

Interest and dividends to stockholders, 20,000 00 

Commissions or brokerage, 58,446 04 

Salaries, fees, etc., of officers and employees, .... 12,480 00 

Rents, 4,312 00 

Taxes and fees, 2,314 01 

Interest on borrowed money, 1,300 89 

Borrowed money repaid, 13,000 00 

All other disbursements, 3,543 96 



Total disbursements, $224,424 48 



Balance, $410,923 09 

Ledger Assets. 

Stocks and bonds (schedule A), $326,700 00 

Cash in banks and office, 20,444 90 

Agents 1 debits (gross), 63,778 19 



Total ledger assets, $410,923 09 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 6,779 73 

Market value of stocks and bonds over book value, . . 187,810 00 



Gross assets, $605,512 82 

Assets not admitted. 

Agents' debits over three months due, 1,656 61 



Total admitted assets, $603,856 21 

Liabilities. 

Unpaid losses, $17,900 69 

Unearned premiums on outstanding risks, $128,892.42; plus 

same on disallowed reinsurance, $747.53, .... 129,639 95 

Commissions and other charges due agents and brokers, . 12,755 63 

Borrowed money, 15,000 00 



All liabilities, except capital and surplus, . . . $175,296 27 
Surplus to policy holders, .... $428,559 94 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 228,559 94 



Total liabilities, $603,856 21 



318 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$16,940,652 00 $140,153 89 
. 24,875,703 00 272,960 82 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$41,816,355 00 $413,114 71 
. 17,368,243 00 161,552 56 



.$24,448,112 00 $261,562 15 
. 1,183,454 00 9,410 54 



.$23,264,658 00 $252,151 61 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent), 
Company's stock owned by directors, .... 



$3,546,467 00 

1,470,308 00 

111,289 00 

1,342,500 00 

50,000 00 

20,000 00 

45,550 00 



Schedule A. 
Slocks and Bonds owned by the Company. 



United States bonds, . 
Brooklyn Rapid Transit bonds, 
Portland Gas Light Co. bonds, . 
Nassau Bank stock, .... 
Portland Gas Light Co. stock, 
Mechanics 1 Bank of Brooklyn stock, 
National City Bank of Brooklyn stock, 
Brooklyn City R.R. stock, 
Consolidated stock, N. Y. City, 



Book Value. 

$115,000 00 
10,000 00 
16,000 00 
10,000 00 
14,600 00 
3,600 00 
2,500 00 
80,000 00 
75,000 00 



Market Value. 

$143,750 00 

10,600 00 

16,000 00 

38,500 00 

11,680 00 

8,280 00 

7,875 00 

197,200 00 

80,625 00 



$326,700 00 $514,510 00 



"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated June 4, 1S69. Commenced business Dec. 1, 1S71.] 

Paid-up Capital, $1,000,000. 

JAMES NICHOLS, President. B. R. STILLMAX, Secretary. 

Income. 

Net fire premiums, * $4,819,364 41 

Interest on mortgage loans, $36,136.37; stocks and bonds, 

$164,945.05; allother, $4,277.67 205,359 09 



* Including $410,421.49 collected of previous years' premiums. 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 319 

Rents, $18,121 65 

Profit on sale or maturity of ledger assets, .... 50,187 45 

Total income $5,093,032 60 

Ledger assets, Dec. 31, 1901, 4,967,231 02 

Total, $10,060,263 62 

Disbursements. 

Net amount paid for fire losses, $2,143,647 05 

Interest and dividends to stockholders, 120,000 00 

Commissions or brokerage, 750,989 34 

Salaries, fees, etc., of officers and employees, . . . . 260,219 24 

Repairs and expenses on real estate, 5,551 77 

Real estate taxes, $6,815.26; other taxes and fees, $134,- 

254.46, 141,069 72 

Profit and loss, 2,189 23 

All other disbursements, 353,984 52 

Total disbursements, $3,777,650 87 

Balance, $6,282,612 75 

Ledger Assets. 

Real estate, $415,976.35; mortgages, * $580,465, . . . $996,44135 

Stocks and bonds (schedule A), 3,979,368 38 

Cash in banks and office, 431,637 89 

Agents' debits (gross), 875,165 13 

Total ledger assets, $6,282,612 75 

Non-Ledger Assets. 

Interest due and accrued : — 
Market value of stocks and bonds over book value, . . 298,013 62 

Gross assets $6,580,626 37 

Assets not admitted. 

Agents 1 debits over three months due, . . $548 20 

Special deposits, less $79,406.69 liab. thereon, 52,093 31 

Depreciation in book value of real estate, . 42,285 57 

Total unadmitted assets, .... 94,927 08 

Total admitted assets $6,485,699 29 

* Value of land, $781,200; buildings, $932,100; insurance thereon, $563,550. 



320 



NATIONAL FIRE INM "RANGE CO. OF HARTFORD. 



Liabilities. 

Unpaid losses, including $25,896.45 resisted, . . . . $373,430 33 
Unearned premiums on outstanding risks, 93,251,860. 10 ; plus 

same on disallowed reinsurance, $57,301.37, . . . 3,309,16147 

Commissions and other charges due agents and brokers, . 116,615 59 
Due for return premiums, $69,969.35; reinsurance, $104,- 

954.03, 174,923 38 

Reserved for contingencies, 50,000 00 

All liabilities, except capital and surplus, . . . $4,024,130 77 
Surplus to policy holders, .... $2,461,56852 

Paid-up capital 1,000,000 00 

Surplus over capital and general liabilities, .... 1,461,568 52 

Total liabilities, $6,485,699 29 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

8599,598,169 00 $5,687,345 12 
624,759,757 00 6,447,688 04 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,224,357,926 00 $12,135,033 76 
.531,278,725 00 4,998,919 60 



$693,079,201 00 $7,136,114 16 
. 98,993,376 00 1,139,284 14 



$594,085,825 00 $5,996,830 02 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$39,274,947 00 

20,233,968 00 

2,154,400 00 

2,897,000 00 

100,000 00 

120,000 00 

88,300 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Alabama Midland R'y Co. bonds, . . . $27,250 00 827,500 00 

Atchison, Topeka & Santa Fe R'y bonds, . 44,612 50 48,750 00 

Atlantic & Danville R'y Co. bonds, . . . 94,375 00 95,000 00 

Augusta Terminal R'y Co. bonds, . . . 63,500 00 63,500 00 

Bangor & Aroostook R.R. Co. bonds, . . 15,000 00 17,250 00 

Brooklyn Union Elevated R.R. Co. bonds, . 74,000 00 75,000 00 

Buffalo R'y Co. bonds, 26,250 00 28,000 00 

Central of Georgia R'y Co. bonds, . . . 105,750 00 104,250 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



321 



Chesapeake & Ohio R'y Co. bonds, . 
Central Branch Union Pacific R'y Co. bonds, 
Chicago & Alton R.R. Co. bonds, 
Chicago, Burlington & Quincy R.R. Co. bonds 
Chicago & Cincinnati R.R. Co. bonds, 
Chicago & Indiana Coal R'y Co. bonds, 
Chicago North Shore Street R'y Co. bonds, 
Chicago & Northwestern R R. Co. bonds, 
Chicago, Rock Island & Pacific R.R. Co. bonds 
Chicago Terminal Transfer R.R. Co. bonds, 
Chicago & Western Indiana R.R. Co. bonds, 
Cin., Dayton & Ironton R.R. Co. bonds, . 
Cin.,Ind., St. Lo. & Chic. R.R. Co. bonds, 
Cin., Richmond & Muncie R.R. Co. bonds, 
Cleve., Col., Cin. & Ind. R.R. Co. bonds, . 
Danbury & Norwalk R.R. Co. bonds, 
East Tenn., Virginia & Georgia R.R. Co. boncjls, 
Elgin, Aurora & Southern Traction Co. bonds, 
Elgin, Joliet & Eastern R'y Co. bonds, 

Erie R'y Co. bonds, 

Evansville & Terre Haute R.R. Co. bonds, 
Galveston, Harris. & San Antonio R'y Co. b'ds 
Hartford & Conn. Western R.R. Co. bonds, 
Houston & Texas Central R.R. Co. bonds, 
Hunt. & Broad Top Mt. R.R. & Coal Co. b'ds, 
International & Gt. Northern R.R. Co. bonds, 
Iowa Central R'y Co. bonds, 
Kanawha & Michigan R'y Co. bonds, 
Kansas City Cable R'y Co. bonds, . 
Knoxville & Ohio R.R. Co. bonds, . 
Louisville & Nashville R.R. Co. bonds, 
Minneapolis & St. Louis R.R. Co. bonds, 
Mobile & Ohio R.R. Co. bonds, 
Morgan's La. & Tex. R.R. & S. S. Co. bonds, 
Nash., Chattanooga & St. Lo. R'y Co. bonds, 
N. II. Traction Co. sinking fund bonds, . 
N. Y., N. H. & Hartford R.R. deben. certs., 
Nodaway Valley R.R. Co. bonds, 
Norfolk & Western bonds, 
Nor. & West. Pocahontas C'l & Coke Co. b'ds 
Northern Ohio R'y Co. bonds, . 
Northern Pacific Terminal Co. bonds, 
Northwestern Elevated R.R. Co. bonds, 
Pennsylvania R.R. Co. bonds, . 
Peoria & Pekin Union R'y Co. bonds, 
Piedmont & Cumberland R'y Co. bonds, 
Richmond & Danville R.R. Co. bonds, 
Rochester & Pittsburg R.R. Co. bonds, 



Book Value. 

$27,300 00 
46,750 00 
22,500 00 
1,500 00 
21,200 00 
40,012 50 
26,500 00 
19,040 00 
25,725 00 
45,712 50 
50,500 00 
10,500 00 

34.300 00 
31,950 00 
44,800 00 
11,000 00 
31,500 00 
25,000 00 
60,670 00 
68,025 00 

9,000 00 
37,550 00 
15,018 75 
29,630 00 
26,000 00 
100,000 00 
51,531 25 
11,400 00 
51,310 00 
22,400 00 
30,387 50 
14,325 00 

57.301 25 
59,815 00 
45,256 25 

22.750 00 
39,900 00 

5,120 00 

21.751 30 
47,187 50 
54,500 00 
30,630 00 
48,500 00 
14,005 71 
40,210 00 
25,000 00 
20,350 00 
60,215 00 



Market Value. 

$29,700 00 
46,500 00 
20,500 00 

2,000 00 
21,200 00 
48,000 00 
25,750 00 
19,040 00 
25,800 00 
42,500 00 
50,500 00 
11,200 00 
35,350 00 
32,100 00 
44,100 00 
11,200 00 
35,100 00 
25,000 00 
60,950 00 
67,500 00 
10,000 00 
37,450 00 
15,000 00 
31,610 00 
26,000 00 
100,000 00 
57,000 00 
14,250 00 
50,000 00 
24,400 00 
31,250 00 
15,000 00 
59,500 00 
61,100 00 
45,050 00 
22,750 00 
63,000 00 

5,000 00 
25,000 00 
46,000 00 
56,000 00 
30,680 00 
48,500 00 
14,000 00 
40,000 00 
26,250 00 
21,200 00 
63,240 00 



322 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Sandusky, Mansfield & Newark R.R. Co. b'ds, 

St. Lo., Iron Mt. & Southern R'y Co. bonds, 

St. Louis & San Francisco R'y Co. bonds, 

St. Paul & Northern Pacific R'y Co. bonds, 

Seaboard & Roanoke R.R. Co. bonds, 

Savannah, Florida & Western R'y Co. bonds, 

Southern Pacific R.R. Co. bonds, 

Southern R'y Co. bonds, .... 

Toledo & Ohio Central R'y Co. bonds, . 

Toledo Traction Co. bonds, 

Union Pacific R.R. Co. bonds, 

Wabash R.R. Co. bonds, . 

West Virginia Central & Pitts. R'y Co. bonds 

Wheeling & Lake Erie R'y Co. bonds, . 

Galveston city bonds, 

Georgia State bonds, 

Lincoln city bonds, . 

Portland city bonds, . 

Richmond city bonds, 

Silver City, N. M., bonds, 

Territory of Arizona bonds, 

Galveston Wharf Co. bonds, 

Sch. Dist. No. 2, Springwells Twp., Mich., b'ds 

SuflBeld & Thompsonville Bridge Co. bonds, 

Western Union Telegraph Co. bonds, 

45 shares Atch., Top. & Santa Fe R.R. Co., 
300 " Belt R.R. & Stock Yd. Co., Ind'lis 
500 " Chicago Great Western R R. Co., 
257 " Chic, Rock Isl. & Pac. R.R. Co., 
200 " Ft. Wayne & Jackson R.R. Co., 
200 " Georgia R.R. & Banking Co., 
255 " Illinois Central R.R. Co., 

200 " Mobile & Ohio R.R. Co., 
750 " N. Y., N. H. & Hartford R.R. Co. 
200 " New York & Harlem R.R. Co., 
661 " N. Y. Cent. & Hud R. R.R. Co., 
154 " Norfolk & Western R.R. Co., 
150 " Oswego & Syracuse R.R. Co., 
1,115 " Pennsylvania R.R. Co., 
100 " Peoria & Bureau Valley R.R. Co., 
200 " Pitts., Ft. Wayne &Chic R.R. Co , 

27 " St. Jos.,So.B'd&South'nR.R.Co., 

80 " Southern R'y Co., . 
150 " Union Pacific R.R. Co.,. 
250 " jEtna National Bank, Hartford, . 
535 " Charter Oak National Bank, Hart., 

25 " Central National Bank, N. Y., 

46 " City Bank, Hartford, . 



Book Value. 

$41,600 00 
23,250 00 
60,562 50 
42,000 00 
51,625 00 
26,125 00 
26,406 25 
43,387 00 
102,981 25 
24,250 00 
41,875 00 
73,000 00 
79,812 50 
40,250 00 
25,250 00 
27,500 00 
12,240 00 
61,625 00 
50,000 00 
10,200 00 
19,800 00 
25,000 00 
12,600 00 
28,000 00 
28,297 50 
900 00 
10,500 00 
46,375 00 
18,363 84 
23,600 00 
41,800 00 
23,814 45 
18.000 00 
130,500 00 
28,000 00 
63,250 00 
4,208 70 
14,825 00 
60,064 75 
16,500 00 
32,000 00 
1,500 00 
1,613 00 
7,200 00 
35,000 00 
50,335 50 
3,125 00 
4,690 00 



Market Value. 
? 42,000 00 

23,250 00 
64,000 00 
44,8< 00 
55,000 00 
28,000 00 
26,250 00 
51,400 00 
105,470 00 
25,500 00 
52,000 00 
74,800 00 
83,250 00 
4<>,200 00 
18,750 
27,500 00 
12,000 00 
60,500 CO 
50,000 00 
10,< 00 00 
22,000 00 
25,000 00 
12,000 
28,000 00 
27,500 00 
50 00 
15,500 00 
45,000 00 
38,550 00 
29,000 00 
49,000 00 
33,830 00 
18,( 00 00 
161,250 
40,000 00 
99,150 00 
13,090 00 
15,000 00 
80,837 0J 
20.000 00 
37, 0( 00 
1,500 00 
6.800 00 
12,750 00 
46,250 00 
53,500 00 
4,5< 00 
4,600 00 



NATIONAL-STANDARD INSURANCE CO. OF NEW YORK. 323 



100 shares Far. & Mech. Nat'l Bank, Hart., 



509 
360 

75 
450 
100 

25 
809 
146 
207 
600 
500 



Hartford National Bank, Hart., 
Nat'l Exch. Bank, Hartford, . 
Nat'l Bank of the Repub., Boston, 
Phcenix Nat'l Bank, Hartford, 
St. Paul Nat'l B'k,St. Paul, Minn., 
Second Nat'l Bank, New Haven, 
Commercial Union Telegraph Co., 
Gold & Stock Telegraph Co., . 
Hartford City Gas Lt. Co., Hart., 
111. & Miss. Telegraph Co., . 
Northwestern Telegraph Co., . 



Book Value. 

fll,000 00 

70,242 00 

21,900 00 

10,125 00 

54,060 00 

7,200 00 

4,250 00 

24,775 63 

17,241 50 

8,280 00 

22,725 00 

27,500 00 



Market Value. 

$12,000 00 
70,242 00 
22,500 00 
10,500 00 
54,000 00 
10,000 00 

4,250 00 
23,258 00 
17,520 00 

9,315 00 
22,500 00 
30,500 00 



1,979,368 38 $4,277,382 00 



"NATIONAL-STANDARD INSURANCE COMPANY OF NEW 
YORK," NEW YORK, N. Y. 

[Incorporated Feb. 14, 1896. Commenced business Feb. 20,. 1896.] 

Paid-up Capital, $200,000. 

R. BLEECKER RATHBONE, President. EMIL G. PIEPER, Secretary. 



Income. 

Net fire premiums, $523,530.48 ; marine, $4.75, . 
Interest on bonds, $9,500 ; all other, $4,271.89, 
Profit on sale or maturity of ledger assets, 



. * $523,535 23 
13,771 89 
10,117 19 



Total income, $547,424 31 

Ledger assets, Dec. 31, 1901, 522,577 79 



Total, . 



. $1,070,002 10 



Disbursements. 
Net amount paid for fire losses, $268,272.70; marine, 

$39.20 $268,311 90 

Interest and dividends to stockholders, 10,000 00 

Commissions or brokerage, 116,687 72 

Salaries, fees, etc., of officers and employees, .... 1,335 00 

Taxes and fees, 14,281 14 

Return premiums and reinsurance, 13,868 51 

All other disbursements, 4,963 45 

Total disbursements, $429,447 72 

Balance, $640,554 38 

* Including $94,404.07 collected of previous years' premiums. 



324 NATIONAL-STANDARD INSURANCE CO. OF NEW YORK. 



Ledger Assets. 



Bonds (schedule A), 
Cash in banks, . 
Agents' debits (gross), 



. $450,057 50 

104,927 26 

85,569 62 



Total ledger assets, $ 640,554 38 

Non-Ledger Assets. 



Interest accrued on bonds, 



1,546 66 



Gross assets, $642,101 04 



Assets not admitted. 
Depreciation in book value of bonds, 

Total admitted assets, .... 



7,980 00 



. $634,121 04 






Liabilities. 

Unpaid losses, including f 735 resisted, $ 66,898 ; less rein- 
surance, $17,128, 

Unearned premiums on outstanding risks, $236,495.09; plus 
same on disallowed reinsurance, 81,443.66, .... 

Commissions and other charges due agents and brokers, 

Due for return premiums,! 14,640.86 ; reinsurance, $6,654.52, . 

All liabilities, except capital and surplus, 

Surplus to policy holders, $308,167 03 

Paid-up capital, 

Surplus over capital and general liabilities, .... 



£49,770 00 

237,938 75 
16,949 88 
21,295 38 

$325,954 01 

200,000 00 
108,167 03 



Total liabilities, $634,121 04 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

. $47,779,494 00 $545,893 61 
. 55,664,629 00 746,347 68 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1902, 
Risks expired and terminated, . 



§103,444,123 00 $1,292,241 29 
. 56,354,413 00 683,361 36 



.§47,089,710 00 0608,879 93 
. 10,105,208 00 144,176 02 



. $36,984,502 00 $464,703 91 

$9 49 
9 49 



NATIONAL UNION FIRE INSURANCE CO. 



325 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Inland marine losses incurred during the year, . ^ . 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), . 

Company's stock owned by directors, . 

Schedule A. 

Bonds owned by the Company. 



$1,974,812 00 

1,134,713 00 

282,462 00 

39 00 

136,000 00 

10,000 00 

103,000 00 



New York city bonds, 

Manhattan R'y Co. bonds, 

Atchison, Topeka & Santa Fe R'y Co. bonds, 

Sciota Valley & New England R.R. Co. bonds 

Denver & Rio Grande R.R. Co. bonds, 

Third Avenue R.R. Co. bonds, . 

Baltimore & Ohio R.R. Co. bonds, . 

Richmond & Danville R.R. Co. bonds, 

Missouri Pacific R'y Co. bonds, 

Oregon Short Line R'y Co. bonds, . 

Chicago & Alton R.R. Co. bonds, 



Book Value. 

§364,730 00 

20,800 00 

15,300 00 

10,150 00 

10,100 00 

7,920 00 

8,925 00 

5,550 00 

2,420 00 

2,510 00 

1,652 50 



Market Value. 

8356,750 00 

20,800 00 

15,300 00 

10,150 00 

10,100 00 

7,920 00 

8,925 00 

5,550 00 

2,420 00 

2,510 00 

1,652 50 



$450,057 50 $442,077 50 



"NATIONAL UNION FIRE INSURANCE COMPANY OF PITTS- 
BURG, PA.," PITTSBURG, PA. 

[Incorporated Feb. 14, 1901. Commenced business March 1, 1901.] 

Paid-up Capital, $750,000. 

A. W. MELLON, Vice-President. E. E. COLE, Secretary. 

Income. 

Net fire premiums, * §192,094 22 

Interest on mortgage loans, $16,553.34; stocks and bonds, 

§27,115.34; all other, §679.59, 44,348 27 

Rents, including company's own occupancy, . . . . 551 36 

Profit on sale or maturity of ledger assets, .... 2,437 50 

From all other sources, 190 66 



Total income, 
Ledger assets, Dec. 31, 1901, . 



Total, 



Disbursements 
Net amount paid for fire losses, 
Commissions or brokerage, 



|539,622 01 
1,241,901 52 

$1,784,523 53 



$171,031 19 
65,144 41 



* Including $458.77 collected of previous years' premiums. 



326 NATIONAL UNION FERE INSURANCE CO. 

Salaries, fees, etc., of officers and employees, .... $26,630 34 

Rents, including company's own occupancy, .... 4,325 01 

Real estate taxes, $195.05; other taxes and fees, $15,577.31, . 15,772 36 

Loss on sale or maturity of ledger assets, .... 1,141 50 

All other disbursements, 40,067 01 

Total disbursements, $324,11182 

Balance $1,460,411 71 

Ledger Assets. 

Real estate, $8,000 ; mortgages,* $227,247, . . . . $235,247 00 

Loans secured by collateral (100 shares bank stock, $85,000), 50,000 00 

Stocks and bonds (schedule A), 923,612 50 

Cash in banks and office, 149,325 81 

Agents 1 debits (gross), 101,954 53 

All other ledger assets, 271 87 

Total ledger assets, $1,460,41171 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $4,413.49 ; stocks and bonds, $4,824.98, . 9,238 47 

Market value of stocks and bonds over book value, . . 10,675 00 

All other non-ledger assets, 337 50 

Gross assets, $1,480,662 68 

Assets not admitted. 

Agents 1 debits over three months due, . ... 854 01 

Total admitted assets, $1,479,808 67 

Liabilities. 

Unpaid losses, including $3,500 resisted, $57,708.60; less 

reinsurance, $2,516.78, $55,19182 

Unearned premiums on outstanding risks, $312,173.52; plus 

same on disallowed reinsurance, $7,501.10, . . . . 319,674 62 

Commissions and other charges due agents and brokers, . 16,071 47 

Due for return premiums, $16,562.20; reinsurance, $1,500, . 17,062 20 

Miscellaneous, 5,000 00 

All liabilities, except capital and surplus, . . . $413,000 11 
Surplus to policy holders, . . . $1,046,557 59 

Paid-up capital 750,000 00 

Surplus over capital and general liabilities, .... 316,808 56 






Total liabilities, $1,479,808 67 

* Value of land, $174,550; buildings, $310,750; insurance thereon, $234,200. 






NATIONAL UNION FIRE INSURANCE CO. 



327 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 



Net amount in force, . 



.$18,190,711 00 
. 54,804,017 00 

. $72,994,728 00 
. 24,783,394 00 

.$48,211,334 00 
. 3,226,420 00 



Premiums. 

$208,608 88 
660,111 95 

$868,720 83 
288,257 68 

$580,463 15 
35,707 44 



. $44,984,914 00 $544,755 71 



Miscellaneous. 

Premiums received from organization of company, . . $721,017 00 

Losses paid from organization of company, .... 189,541 00 

Fire losses incurred during the year, 200,939 00 

Company's stock owned by directors, 311,500 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Pennsylvania Water Co. bonds, . . . $56,000 00 $57,250 00 

Union Gas Co. bonds, 21,525 00 21,525 00 

West Braddock Bridge Co. bonds, . . . 24,380 00 24,380 00 

Sharon Steel Co. bonds, 23,000 00 23,000 00 

Standard Sanitary Manufacturing Co. bonds, . 52,000 00 52,500 00 

New York city bonds, 54,312 50 52,500 00 

Latrobe Water Co. bonds, .... 31,800 00 31,800 00 

Pittsburgh & Buffalo Co. bonds, . . . 20,000 00 20,400 00 

Conn. R'y & Lighting Co. bonds, . . . 20,000 00 20,000 00 

St. Joseph Water Co. bonds 50,000 00 50,000 00 

Pittsburgh, Bessemer & Lake Erie bonds, . 24,000 00 23,650 00 

Mass. Metro. Water Co. bonds, . . . 88,300 00 88,300 00 

Beaver Valley Water Co. bonds, . . . 20,500 00 20,500 00 

Western Union Telegraph Co. bonds, . . 26,875 00 26,875 00 

Metropolitan Street R'y Co. bonds, . . . 24,500 00 24,500 00 

Norfolk & Western R.R. bonds, . . . 25,375 00 25,000 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 24,500 00 24,500 00 

Racine Water Co. bonds, 20,000 00 20,000 00 

Monongahela River C. C. & C. Co. bonds, . 29,187 50 28,375 00 

Pittsburg Brewing Co. bonds, .... 28,187 50 28,375 00 

Jefferson County, Ind., bonds, .... 26,032 50 26,032 50 

Delaware State bonds, 19,375 00 19,375 00 

Philadelphia city bonds 11,000 00 11,000 00 

Central of Georgia R'y bonds, .... 18,300 00 18,300 00 

25 shares Farmers' Dep. Nat'l Bank (Pitts.), 22,900 00 32,500 00 

25 " Second National Bank (Pitts.), . 17,500 00 21,250 00 

40 " Tradesman's Nat'l Bank (Pitts.),. 6,800 00 8,000 00 

1,000 " Pennsylvania R.R. Co 80,612 50 78,000 00 



328 



NEWARK FIRE INSURANCE OO. 



50 shares Pitts. & Lake Erie R.R. Co., 
200 " Chicago & Alton R.R., . 
200 u Illinois Central R.R., . 



Book Value. 

$12,500 00 
14,600 00 
29,550 00 



Market Value. 

$12,500 00 
14,400 00 
29,500 00 



$923,612 50 $934,287 50 



"NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May U, 1810.] 

Paid-up Capital, $250,000. 

JOHN J. HENRY, President. CHARLES M. HENRY, Secretary. 



Income 
Net fire premiums, .... 
Interest on mortgage loans, $10,701.81 

$13,321.20, . 
Rents, .... 



Total income. 
Ledger assets, Dec. 31, 1901, 



Total, 



stocks and bonds, 



Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, 82,854.74; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Premium paid on stock, 

Reinsurance unpaid in 1901, . 

All other disbursements, 

Total disbursemen: .... 

Balance, 



f 5,538. 73 



Ledger Assets. 

Real estate, $44,100 ; mortgages,! 1200,630, . 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents 1 debits (gross), 

Bills receivable, not matured, . 

Total ledger assets, . 



* $206,200 99 

24,023 01 
2,162 42 

$232,386 42 
536,260 45 

$768,646 87 



$94,903 08 

24,838 25 

36,649 

25,455 50 

88 00 

- 44 

8,393 47 

398 01 

1,335 00 

1,638 42 

10,616 44 

1,623 63 

£564,' 23 24 



f 244,730 00 

251,550 00 

33>83 20 

33,696 99 

163 05 

$564,023 24 



* Including $27,600.39 collected of previous years' premiums. 

t Value of land, $201,650; buildings, $341,500; insurance thereon, S27S,S00. 



NEWARK FIRE INSURANCE CO. 



329 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,677.84; stocks and bonds, $3,853.33, 
Rents due on company's property, .... 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



Assets not admitted. 
Agents' debits over three months due, 

Total admitted assets, .... 



Liabilities. 

Unpaid losses, including $5,000 resisted, $19,103.23; less 

reinsurance, $694.61, 

Unearned premiums on outstanding risks, 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $4,664.42 ; reinsurance, $2,416.31, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$539,161 16 



$6,531 17 

245 00 

43,000 00 

107,982 50 

1,675 74 

$723,457 65 



3,595 73 
. $719,861 92 



$18,408 62 
137,502 30 
6,888 25 
3,536 30 
7,284 56 
7,080 73 

$180,700 76 

250,000 00 
289,161 16 



Total liabilities, $719,86192 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$31,602,996 00 $248,018 57 
. 23,251,205 00 216,407 32 



Total 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$54,854,201 00 $464,425 89 
. 21,547,524 00 187,631 00 



. $33,306,677 00 $276,794 89 
. 1,789,789 00 12,290 27 



. $31,516,888 00 $264,504 62 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), 
Company's stock owned by directors, . 



$5,579,516 00 

2,894,931 00 

97,309 00 

940,577 00 

25,000 00 

26,820 00 



330 



m:\\ HAMPSHIRE FIRE INSURANCE OO. 



Schedule A. 
Stocks and Bonds owned by the 



United States bonds, .... 

West Shore R.R. bonds, . 

Essex Passenger R.R. bonds, . 

Hoboken Land and Improvement bonds, 

Essex County Park bonds, 

Newark Gas Co. bonds, 

Elizabeth city bonds 

Newark consolidated gas bonds, 

Morris & Essex R.R. stock, 

Newark city water bonds, 

National State Bank stock, Newark, N. J., 

National Newark Banking Co. stock, 



Company. 

Book Value. 

-,000 00 
48,000 00 

5.000 00 

35,000 00 
10,000 00 
15,000 00 
15,000 00 
20,000 00 
10 00 
15,900 00 
20,650 00 



Market Value. 

* 4 1.500 00 

00 

5,200 00 

26,250 00 

38,150 00 

14,000 00 

15,000 0G 

15,900 00 

38,000 00 

4,360 00 

36,570 00 

71,242 50 



1,550 00 $359,532 50 



"NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. H. 

[Incorporated 1869. Commenced business April, 1870.] 

Paid-up Capital, $1,000,000. 

U. C CROSBY, President. F. W. SARGEANT, Secretary. 

Income. 

Net fire premiums * $1,855,377 26 

Interest on mortgage loans, $25,905.44; collaterals, $3,950 

stocks and bonds, §102,893.06; all other, $1,012.85, . . 133,76135 

Rents, -.391 45 

Profit on sale or maturity of ledger assets, .... 4,5". 

From all other sources, 51 62 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, 64,969 . 46 ; other taxes and fees, £44,875 . 01, 

* Including $173,304.71 collected of previous years' premiums. 



$2,012,1' 



f 4,7 17,558 93 



$890,533 63 

100,000 00 

394.749 63 

72,010 55 

673 37 

8,275 59 






NEW HAMPSHIRE FIRE INSURANCE CO. 



331 



Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets. 

Real estate, $172,937.58; mortgages,* $467,533.33, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 

Non-Ledger Assets. 

Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, . 



Gross assets, 

Assets not admitted. 
Special deposits less f 1 1,003. 84 liability thereon, . 

Total admitted assets, 

Liabilities. 

Unpaid .losses, including $6,395 resisted, $181,422.23 



$7,753 69 
85,949 95 

$1,609,790 88 

$3,107,768 05 



$640,470 91 
120,000 00 

1,872,078 85 
251,840 87 
223,377 42 

$3,107,768 05 



668,341 15 
3,460 47 



$3,779,569 67 



496 16 



$3,779,073 51 



less 
plus 



$152,032 70 

1,368,331 67 

67,013 22 

38,192 68 

$1,625,570 27 

1,000,000 00 

1,153,503 24 

Total liabilities, $3,779,073 51 



reinsurance, $29,389.53, 

Unearned premiums on outstanding risks, $1,367,520.97 

same on disallowed reinsurance, $810.70, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $22,337 . 74 ; reinsurance, $ 15,854 . 94, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $2,153,503 24 

Paid-up capital, . . . 

Surplus over capital and general liabilities, .... 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$223,956,050 00 

. 154,409,447 00 

$378,365,497 00 

. 142,090,653 00 

$236,274,844 00 

. 16,452,869 00 



Premiums. 

$2,591,578 85 

2,015,492 45 

$4,607,071 30 

1,740,467 35 

$2,866,603 95 

194,943 07 



$219,821,975 00 $2,671,660 88 



* Value of land, $455,675; buildings, $737,950; insurance thereon, $452,513. 



332 



NEW HAMPSIHRE FIRE INSURANCE OO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, . 



£21,097,709 00 
11,588,123 00 
852,479 00 
1,471,858 00 
100,000 00 
218,600 00 



Schedule A. 

Securities held as Collateral. 

Market Value. 



250 shares Swift Refrigerator Trans. Co., 
426 " Exeter Manufacturing Co., 
Exeter Manufacturing Co. bonds, . 
350 shares American Woolen Co., . 
150 " Swift & Co., . 
180 " Amer. Telephone & Tel. Co., 
200 " American Sugar Refining Co., 



Schedule B. 



|32,500 00 
21,300 00 
12,000 00 
24,500 00 
18,000 00 
28,800 00 
25,400 00 

$162,500. 00 $120,000 00 



Loaned Thereon. 

">,000 00 
25,000 00 

30,000 00 

40,000 00 



Stocks and Bonds owned by the Company. 



United States government bonds, 

City of Cleveland, Ohio, bonds, 

City of Columbus, Ohio, bonds, 

City of East Portland, Ore., bonds, 

City of Seattle, Wash., bonds, . 

State of Georgia bonds, . 

Central R.R. Co. of New Jersey bonds, 

"Watertown & Rome R.R. bonds, 

New York & New England R.R. bonds, 

Boston, Concord & Montreal R.R. bonds, 

Concord & Montreal R.R. bonds, 

Fitchburg R R. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Grand Rapids, Belding & Saginaw R.R. bonds 

Chicago, Burl. & Quincy R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Union Pacific R R. bonds, . 

Northern Pacific R.R. bonds, . 

Oregon Short Line R.R. bonds, 

Montana Central R.R. bonds, . 

Lehigh Valley Terminal R'y Co. bonds, 

Utah & Northern R.R. bonds, . 

Cincin , Richmond & Muncie R.R. bonds, 

Northern Pacific-Great Northern bonds, , 



Book Value. 

$25,000 00 
50,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
25,000 00 
10,000 CO 
20,000 00 
50,000 00 

165,000 00 
40,000 00 
46,100 00 
8,000 00 
47,758 00 
25,000 00 
9,900 00 
24,968 75 
35,000 00 
24,250 00 
25,000 00 
12,000 00 
25,000 00 
85,000 00 



Market Value. 

$27,000 00 
51,000 00 
10,500 00 
30,000 00 
10,500 00 
11,500 00 
31,250 00 
11,000 00 
20,600 00 
59,000 00 

173,400 00 
42,400 00 
50,000 00 
8,640 00 
49,240 00 
25,000 00 
10,400 00 
25,000 00 
41,250 00 
30,000 00 
27,500 00 
13,560 00 
26,500 00 

158,100 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



333 



Toledo, St. Louis & Western R.R. bonds, 
Manchester Trac., Light & Power Co. bonds, 
Hillsborough County, N. H., bonds, 
Adams Express Co. bonds, 
Central Loan & Land Co. bonds, 
National Loan & Trust Co. bonds, . 
Nashua Card & Glazed Paper Co. bonds, 
Grand Forks Gas & Electric Co. bonds, . 
Minneapolis General Electric Co. bonds, . 
Swift & Co., Chicago, bonds, . 
American Telephone & Tel. Co. bonds, . 
Western Telephone & Telegraph Co. bonds, 
Western Union Telegraph Co. bonds, 
Great Northern Paper Co. bonds, 
Suncook Valley R.R. stock, . . . 
Pennsylvania R.R. stock, .... 
N. Y. Central & Hudson River R.R. stock, ' 
N. Y., N. H. & Hartford R.R. stock, 
Norwich & Worcester R.R. stock, . 
Pemigewasset Valley R.R. stock, 
Boston & Albany R.R. stock, . 
Boston & Maine R.R. stock, 
Concord & Montreal R.R. stock, 
Delaware & Hudson Canal Co. stock, 
Maine Central R.R. stock, 
Northern R.R , N. H , stock, 
Fitchburg R.R. stock, .... 
Pittsburg, Fort Wayne & Chicago R.R. stock, 
Illinois Central R.R. stock, 
Chicago, Rock Island & Pacific R.R. stock, 
Chicago June. R'ys & Union St. Y'ds Co. stock 
Chicago & Northwestern R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Chicago Great Western R'y Co. stock, 
Merchants' Nat'l B'k, Manchester, N. H., stock, 
Pemigewasset N'l B'k, Plymouth, N. H., stock, 
First Nat'l Bank, Peterborough, N. H., stock, 
First Nat'l Bank, Concord, N. H., stock, . 
Laconia Nat'l Bank, Laconia, N. H., stock, 
Lancaster Nat'l Bank, Lancaster, N. H., stock 
Lancaster Trust Co., Lancaster, N. H., stock, 
Exeter Banking Co , Exeter, N. H., stock, 
Amoskeag Mfg. Co., Manchester, N. H., stock 
Amory Manufacturing Co. stock, 
Manchester Mills, Manchester, N. H., stock, 
Quiricy R R. Bridge Co. stock, . 
Pullman's Palace Car Co. stock, 
Manchester, N. H., Gas Light Co. stock, . 



Book Value. 

$22,437 50 

25,000 00 

15,000 00 

19,881 00 

6,600 00 

4,310 00 

10,000 00 

4,900 00 

23,750 00 

25,000 00 

54,600 00 

16,000 00 

25,000 00 

49,750 00 

4,000 00 

73,300 00 

66,100 00 

40,000 00 

5,000 00 

26,000 00 

20,000 00 

30,000 00 

37,500 00 

30,000 00 

10,000 00 

13,000 00 

9,200 00 

20,000 00 

79,173 60 

3,300 00 

20,000 00 

40,000 00 

19,175 00 

23,125 00 

13,000 00 

6,000 00 

5,000 00 

8,000 00 

1,700 00 

5,000 00 

2,500 00 

1,000 00 

10,000 00 

3,300 00 

40,000 00 

20,000 00 

30,000 00 

2,100 00 



Market Value. 

$22,500 00 

26,250 00 

15,000 00 

26,000 00 

6,600 00 

5,000 00 

10,000 00 

5,000 00 

25,250 00 

25,500 00 

53,900 00 

16,480 00 

27,500 00 

50,000 00 

4,600 00 

109,950 00 

99,150 00 

88,000 00 

10,000 00 

32,500 00 

50,000 00 

55,000 00 

73,125 00 

48,000 00 

17,500 00 

22,100 00 

14,000 00 

38,000 00 

110,880 00 

5,775 00 

25,000 00 

86,000 00 

39,200 00 

22,000 00 

16,900 00 

9,000 00 

6,500 00 

24,000 00 

1,700 00 

6,250 00 

2,250 00 

1,100 00 

19,000 00 

4,620 00 

32,000 00 

40,000 00 

66,000 00 

12,600 00 



334 



NEW YORK FIRE INSURANCE CO. 



American Express Co. stock, . 

Adams Express Co. stock, 

American Telephone & Telegraph Co. stock, 

Underwriters' Salvage Co. of N. Y. stock, 



Book Value. 

110,000 00 

5,000 00 

30,000 00 

400 00 



Market Value. 

$21,000 00 

20,000 00 

48,000 00 

400 00 



$1,872,078 85 $2,540,420 00 



"NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.] 
Paid-up Capital, $200,000. 

AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary. 

Income. 

Net fire premiums, * $31 1,025 98 

Interest on stocks and bonds, f 5,546. 88 ; all other, $3,954.18, 9,501 06 

Rents 1,796 46 

Profit on sale or maturity of ledger assets, .... 12,400 00 



Total income, $334,723 50 

Ledger assets, Dec. 31, 1901, 335,568 79 



Total, $670,292 29 



Disbursements. 
Net amount paid for fire losses, $125,499.25; marine, 

$11,474.13, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc , of officers and emplov 

Repairs and expenses on real estate, 

Real estate taxes, $1,654.87 ; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



ees, . 



Total disbursements, 
Balance, 



$5,235.55 



$136,973 38 
12,<)00 00 
57,718 07 
27,455 04 
360 66 
6,890 42 
18,412 50 
17,162 33 

$276,972 40 

$393,319 89 



Ledger Assets. 

Real estate, 

Stocks and bonds (schedule A), 

Cash in banks, ....... 

Agents' debits (gross), 



$100,000 00 

228,500 00 

23,756 50 

41,063 39 



Total ledger assets, $393,319 89 



* Including $34,020.07 collected of previous years' premiums. 



NEW YORK FIRE INSURANCE CO. 



335 



Non-Ledger Assets. 

Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 



Gross assets, 



$20,000 00 
45,900 00 

$459,219 89 



Liabilities. 
Unpaid losses, including $1,498.78 resisted, $29,974.67 ; less 

reinsurance, $2,248.29, $27,726 38 

Unearned premiums on outstanding risks, $156,901.29; plus 

same on disallowed reinsurance, $2,418.90, . . . . 159,320 19 
Commissions and other charges due agents and brokers, . 8,246 09 

All liabilities, except capital and surplus, . . . $195,292 66 
Surplus to policy holders, .... $263,927 23 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 63,927 23 



Total liabilities, $459,219 89 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1901,. . .$21,098,477 00 $216,719 82 
Fire risks written during 1902, . . . 30,756,051 00 350,721 22 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Marine risks outstanding Dec. 31, 1901, 
Risks expired and terminated, . 



$51,854,528 00 $567,441 04 
25,510,634 00 257,733 38 



$26,343,894 00 $309,707 66 
1,018,619 00 12,953 89 



$25,325,275 00 $296,753 77 

$529,229 00 $17,647 15 
529,229 00 17,647 15 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



^6,722,723 00 

3,239,298 00 

128,715 00 

9,112 00 

1,526,000 00 

12,000 00 

89,100 00 



336 



NIAGARA FIRE INSURANCE CO. 



Schedule A. 

Stocks and Bonds owned by the Company. 



United States bonds, . 
Pennsylvania R.R. Co. bonds, . 
Pennsylvania R R. Co. stock, . 
National Bank of Commerce stock, 
Underwriters 1 Salvage Co. stock, 
Consolidated Gas Co. stock, 
Franklin Trust Co. stock, . 



Book Value. 

-,000 00 
2,500 00 

10,000 00 
2,500 00 
1,000 00 

10,000 00 
2,500 00 



Market Value. 

$217,000 00 

2,050 00 

15,550 00 

50 00 

1,000 00 

21,600 00 

8,750 00 



§228,500 00 $274,400 00 



" NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 

Paid-up Capital, $500,000. 

HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary. 

Income. 
Net fire premiums, .... 
Interest on mortgage loans, $ 13,041. 85 

$78,475.40; all other, $10,196.08, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



stocks and bonds 



Disbursements 

Net amount paid for fire losses, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 



Total disbursements, 
Balance, 



Ledger Assets 

Morto;ao;es* 

Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents 1 debits (gross), 



Total ledger assets, 



12,435,372 65 

101,713 33 
3,595 78 



$2,540,681 76 
2,664,276 36 

15,204,958 12 



$1,177,833 27 

70,000 00 

411,693 41 

169,233 21 

22,754 60 

57,742 65 

62,780 96 

130,006 44 

$2,102,044 54 

$3,102,913 58 



6344,000 00 

2,171,500 00 

169,487 04 

417,926 54 

$3,102,913 58 



* Value of property, $547,000; insurance thereon, $242,500 



NIAGARA FIRE INSURANCE CO. 



337 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $5,089.21 ; stocks and bonds, $2,229.98 ; other 

assets, $2,910.41, $10,229 60 

Market value of stocks and bonds over book value, . . 583,050 00 

■ 
Gross assets,* $3,696,193 18 



Assets not admitted. 
Agents' debits over three months due, . . $2,679 89 



Special deposits less $49,363.11 liab. thereon, 
Total unadmitted assets, . 

Total admitted assets, 



68,636 89 



71,316 78 



1,624,876 40 



Liabilities. 

Unpaid losses, including $39,354 . 52 resisted, $236,020 . 60 ; less 

reinsurance, $36,636.45, $199,384 15 

Unearned premiums on outstanding risks, $1,780,721.09 ; plus 

same on disallowed reinsurance, $40,677.91, . . . 1,821,399 00 

Commissions and other charges due agents and brokers, . 85,907 22 

Due for reinsurance, 23,112 60 



All liabilities, except capital and surplus, . . . $2,129,802 97 
Surplus to policy holders, .... $1,495,073 43 

Paid-up capital 500,000 00 

Surplus over capital and general liabilities, .... 995,073 43 



Total liabilities, $3,624,876 40 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . $339,972,275 00 $3,279,880 18 
Fire risks written during 1902, . . .274,794,855 00 3,227,583 35 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



1614,767,130 00 $6,507,463 53 
250,523,806 00 2,654,718 79 



$364,243,324 00 $3,852,744 74 
. 44,358,662 00 438,998 01 



$319,884,662 00 $3,413,746 73 



* Including $250,000 special reserve held under New York laws. 






338 



NIAGARA FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), 
Company's stock owned by directors, . . . . 



148,716,213 00 

26,980,710 00 

1,156,736 00 

2,754,000 00 

70,000 00 

165,200 00 



Schedule A. 
Stocks and Bonds owned by the 



United States bonds, 

Territory New Mex. Provisional Indebt. b'ds, 
New York city school house bonds, . 
Wabash R'y Co. bonds, .... 
No. Pac. R'y Co. Prior Lien & Land Grant b'ds 
Atchison, Topeka & Santa Fe R.R. bonds, 
Denver & Rio Grande R R. Co. bonds, 
Union Pacific R.R. bonds, .... 
Baltimore & Ohio R'y Co. bonds, 
Norfolk & Western R'y Co. bonds, . 
Central Pacific R.R. bonds, 
Northern Pacific, Gt. Northern R.R, joint bonds 
The Third Avenue R.R. Co. bonds, . 
Lake (111.) Gas Co. of Cook Co., 111., bonds, 
Lehigh & Wilkes-Barre Coal Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
The JT. Y. G., Elec. L't, H't & Power Co. b'ds 
Hackensack Water Co. bonds, . 
Norfolk & Western Pocahontas joint bonds, 
Chateaugay Ore & Iron Co bonds, . 
550 shares Lehigh Coal & Navigation Co., 



300 

1,000 
500 
100 
100 
200 

2,800 
400 
350 

1,200 
500 

2,000 
500 
500 



N. Y., Lack. & Western R'y, 
Chic, Milwaukee & St. Paul R.R. 
Union Pacific R.R., 
Pitts., Ft. Wayne & Chicago R.R. 
Rensselaer & Saratoga R.R., 
Cleveland & Pittsburg R.R., 
Pennsylvania R R., 
Morris & Essex R.R., . 
American Exchange Nat'l Bank, 
Consolidated Gas Co., . 
General Electric Co , . 
Missouri Pacific R'y, 
Chic, Milwaukee & St. Paul R'y, 
Northern Securities Co., 



Company. 

Book Value. 

$85,000 00 
10,000 00 

485,000 00 
50,000 00 
50,000 00 
50,000 00 
15,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
20,000 00 
20,000 00 
25,000 00 
50,000 00 
50,000 00 
50,000 00 
9,000 00 
27,500 00 
30,000 00 

100,000 00 
50,000 00 
10,000 00 
10,000 00 
10,000 00 

140,000 00 
20,000 00 
35,000 00 

120,000 00 
50,000 00 

200,000 00 
50,000 00 
50,000 00 



Market Value. 
$106,500 00 

11,500 00 

490,750 00 
58,000 00 
52,000 00 
51,000 00 
15,150 00 
52,000 00 
49,250 00 
50,000 00 
50,500 00 
48,000 00 
49,500 00 
22,000 00 
20,000 00 
25,250 00 
47,500 00 
49,000 00 
46,000 00 
9,000 00 
38,500 00 
42,300 

192,000 00 
46,500 00 
19,300 00 
21,500 00 
19,200 00 

218,400 00 
39,000 00 
96,250 00 

259,200 00 
91,500 00 

222,000 00 
89,500 00 
56,500 00 



$2,171,500 00 $2,754,550 00 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 339 



"THE NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated October, 1897. Commenced business October, 1897.] 

Paid-up Capital, $200,000. 

E. G. RICHARDS, President. J. F. HASTINGS, Secretary. 

Income. 

Net fire premiums, 

Interest on stocks and bonds, . 

Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for fire losses, 

Deposit premiums returned, 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employ 

Rents, 

Taxes and fees, 

All other disbursements, . 



Total disbursements, . 
Balance, 



ees, 



Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' debits (gross), .... 



Total ledger assets, 



Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 



*$ 122,156 94 

18,887 60 

772 00 

$141,816 54 
548,727 64 

$690,544 18 



$13,600 89 

120 00 

12,000 00 

21,900 87 

2,700 00 

975 00 

2,653 89 

4,095 54 

$58,046 19 

$632,497 99 



$598,192 06 
18,492 61 
15,813 32 

$632,497 99 



3,817 00 
2,627 94 

Gross assets, $638,942 93 



Assets not admitted. 
Agents 1 debits over three months due, 

Total admitted assets, .... 



30 06 



$638,912 87 



* Including $13,542.40 collected of previous years' premiums. 



340 THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



LIABILITIES. 

Unpaid losses, including $1,500 resisted, $12,145.27; less 

reinsurance, $4,208.76, $7,936 51 

Unearned premiums on outstanding risks, .... 72,368 42 

Commissions and other charges due agents and brokers, . 3,755 70 

All liabilities, except capital and surplus, . . . $84,060 63 
Surplus to policy holders, .... $554,852 24 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 354,852 24 

Total liabilities, $638,912 87 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$14,643,333 00 
. 28,210,551 00 



. $42,853,884 00 
16,541,434 00 

. $26,312,450 00 
. 8,127,527 00 



Premiums. 

$116,761 32 
229,465 99 

$346,227 31 
126,875 61 

$219,351 70 
93,221 05 



.$18,184,923 00 $126,130 65 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, . 



$276,396 00 

107,295 00 

20,877 00 

12,000 00 

12,000 00 

5,500 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



Northern Pacific & Great Northern bonds, 
New York State bonds, .... 
City of Brooklyn, Wallabout, bonds, 
New York city bonds, .... 
Southern R'y Co. stock, .... 
Southern R'y, Mobile & Ohio stock tr. certs., 
Chicago, Mil. & St. Paul R'y stock, . 



Book Value. 

$47,556 25 

51,781 00 
53,319 00 

161,998 22 

83,000 00 

9,285 65 

191,251 94 



Market Value. 

$47,000 00 

51,000 00 

52,500 00 

158,070 00 

91,000 00 

9.250 00 

192,000 00 



$598,192 06 $600,820 00 



NORTHERN INSURANCE CO. OF NEW YORK. 341 



"NORTHERN INSURANCE COMPANY OF NEW YORK," 
NEW YORK, N. Y. 

[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897.] 

Paid-up Capital, $250,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 

Income. 

Net fire premiums * $334,262 77 

Interest on stocks and bonds, $18,689.90 ; all other, $1,624.98, 20,314 88 
Profit on sale or maturity of ledger assets, .... 1,098 00 

Total income, $355,675 65 

Ledger assets, Dec. 31, 1901 516,13143 

Total, $871,807 08 

Disbursements. 

Net amount paid for fire losses, $140,168 97 

Commissions or brokerage, 91,693 48 

Rents, 4,762 60 

Taxes and fees, . 7,877 93 



Total disbursements, $244,502 98 



Balance, $627,304 10 

Ledger Assets. 

Stocks and bonds (schedule A), $540,321 20 

Cash in banks and office, 34,936 50 

Agents 1 debits (gross), 52,046 40 



Total ledger assets $627,304 10 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, 

Reinsurance due on losses paid, . 

Return premiums due on reinsurance cancelled, 



Gross assets, 



2,545 86 

17,896 30 

3,214 26 

474 00 

151,434 52 



Assets not admitted. 
Due for reinsurance in unauthorized companies, . . . 2,920 81 



Total admitted assets, $648,513 71 

* Including $41,145 collected of previous years' premiums. 



342 



NORTHERN INSURANCE CO. OF NEW YORK 



Liabilities. 
Unpaid losses, including $1,875 resisted, $37,391.38; less 

reinsurance, $9,636.63, 

Unearned premiums on outstanding risks, £184,163.71 ; plus 

same on disallowed reinsurance, $143.84, . 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities 



$414,674 60 



$27,7.04 75 

184,307 55 

2,500 00 

18,716 29 

560 52 

$233,839 11 

250,000 00 
164,674 60 

$648,513 71 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

.$26,709,702 00 $306,981 72 
. 35,314,519 00 387,283 66 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $62,024,221 00 $694,265 38 
28,056,988 00 319,013 96 



. $33,967,233 00 $375,251 42 
. 2,559,678 00 26,991 75 



.$31,407,555 00 $348,259 67 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 

Schedule A. 
Slocks and Bonds owned by the Company. 

Book Value. 

New York city bonds, $186,049 68 

United States bonds 121,872 76 

West Shore R.R. bonds, 27,250 00 

Northern Pacific-Great Northern R'y bonds. . 18,962 50 

Pennsylvania R R. Co bonds, .... 12,500 00 

Oregon Short Line R'y bonds, .... 2,705 01 

Pennsylvania R.R. Co. stock, .... 72,431 25 

Atchison, Topeka & Santa Fe R.R. stock, . 38,600 00 

Union Pacific R'y Co. stock, .... 17,72500 

Consolidated Gas Co. stock, .... 42,225 00 



$1,271,350 00 

754,884 00 

141,312 00 

12,000 00 

95,200 00 



Market Valne. 
$179,812 50 

136,000 00 
27,750 00 
18,800 00 
13,125 00 
2,880 00 
77,750 00 
40,200 00 
18,600 00 
43,300 00 



$540,321 20 $558,217 50 



THE NORTH GERMAN FIRE INSURANCE CO. 343 



"THE NORTH GERMAN FIRE INSURANCE COMPANY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated May 15, 1899. Commenced business June 17, 1899.] 

Paid-up Capital, $200,000. 

ADOLPH LOEB, President. E. HARBERS, Secretary. 

Income. 

Net fire premiums, * $272,168 28 

Interest on bonds, 8,150 00 

From all other sources, 36,000 00 

Total income, $316,318 28 

Ledger assets, Dec. 31, 1901, 294,676 88 

Total, $610,995 16 

Disbursements. 

Net amount paid for fire losses, $125,439 30 

Commissions or brokerage, 87,620 15 

Salaries, fees, etc., of officers and employees, .... 6,447 00 

Rents, 533 34 

Taxes and fees, 5,031 83 

Interest on mortgages bought, 175 62 

All other disbursements, 4,053 00 

Total disbursements, $229,300 24 

Balance, $381,694 92 

Ledger Assets. 

Mortgages,! $36,000 00 

Bonds (schedule A), 275,501 13 

Cash in banks, 26,228 20 

Agents' debits (gross), 43,965 59 

Total ledger assets, $381,694 92 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $279.75; bonds, $1,733.32, .... 2,01307 

Reinsurance due on losses paid, 48 55 

Gross assets, $383,756 54 

* Including $43,348.39 collected of previous years' premiums. 

f Value of land, $34,000; buildings, $41,500; insurance thereon, $33,000. 



344 



THE NORTH GERMAN FIRE INS FRANCE CO. 



Assets not admitted. 
Depreciation in book value of bonds, 



$7,818 13 



Total admitted assets, 



1375,938 41 



Liabilities. 
Unpaid losses, including $1,750 resisted, $23,313.48; less 

reinsurance, $1,293.11, $22,020 37 

Unearned premiums on outstanding risks, $132,944.20; plus 

same on disallowed reinsurance, $2,890.21, . . . . 135,834 41 



All liabilities, except capital and surplus, . . . $157,854 78 
Surplus to policy holders, .... $218,083 63 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 18,083 63 



Total liabilities, $375,938 41 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

. $14,088,827 00 $169,941 84 
. 20,734,757 00 303,304 42 



. $34,823,584 00 $473,246 26 
. 15,372,929 00 197,180 32 






.$19,450,655 00 $276,065 94 
. 1,104,374 00 12,912 94 



.$18,346,281 00 $263,153 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



8516,222 00 
259,814 00 
129,301 00 
160,000 00 



Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

Union Pacific R.R. bonds, $27,156 25 $25,750 00 

United States bonds, 26,447 79 27,375 00 

New York city bonds, 221,897 09 214,558 00 



$275,501 13 $267,683 00 






THE NORTH RIVER INSURANCE CO. 



345 



« THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.] 

Paid-up Capital, $350,000. 
WM. E. HUTCHINS, President. FREDERICK H. CRUM, Secretary. 

Income. 

Net fire premiums, *$ 668,111 91 

Interest on mortgage loans, $3,688.20; stocks and bonds, 

$15,336.25; all other, $7,124.93, 26,149 38 

From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $1,352.56 ; other taxes and fees, 
Return premiums and reinsurance unpaid in 1901, 
All other disbursements, * 



87 50 



Total disbursements, 
Balance, 



$5,204.10 



Ledger Assets. 
Real estate, $104,031.70; mortgages,! $83,900, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 



Total ledger assets, 



$694,348 79 
783,657 56 

$1,478,006 35 



$260,803 35 

27,743 00 

107,083 43 

48,774 09 

247 10 

6,556 66 

10,012 06 

18,909 56 

$480,129 25 

$997,877 10 



$187,931 70 

10,000 00 

522,028 92 

160,777 93 

117,138 55 

$997,877 10 



Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, $1,813.15; stocks and bonds, $2,382.90 ; col- 
lateral loans, $66.65, 

Reinsurance due on losses paid, 

All other, 



4,262 70 
2,306 98 
2,485 37 



Gross assets, $1,006,932 15 



* Including $66,756.47 collected of previous years' premiums. 

t Value of land, $151,900; buildings, $100,600; insurance thereon, $98,725. 



346 



THE NORTH RIVER IN8URANCE CO. 



Assets not admitted. 

Agents' debits, over three months due, . 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$3,584 17 
2,515 17 



|C,099 34 
$1,000,832 81 



Liabilities. 

Unpaid losses, including $2,300 resisted, $41,478.10; less 
reinsurance, $2,807.08, 

Unearned premiums on outstanding risks, $380,756.54 
plus same on disallowed reinsurance, $788.49, . 

Dividends due stockholders, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $3,641.23 ; reinsurance, $8,967.73, 



$38,671 02 

381,545 03 

3,756 00 

23,427 75 

12,608 96 

$460,008 76 

350,000 00 
190,824 05 

Total liabilities, $1,000,832 81 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$540,824 05 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $66,740,805 00 

. 75,511,581 00 

$142,252,386 00 

. 60,991,539 00 

.$81,260,847 00 

. 7,002,321 00 



Premium*. 

$543,041 01 

771,577 20 

$1,314,618 21 

527,859 22 

$786,758 99 

52,757 38 



. £74,258,526 00 $734,001 61 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, 



Schedule A. 
Securities held as Collateral. 

Market Valae. 

100 shares United States Steel Co., . . . $8,800 00 

100 " Southern R'y Co., .... 3,500 00 



$7,055,244 00 

3,197,014 00 

273,010 00 

2,752,750 00 

28,000 00 

90,500 00 



Loaned Thereon. 

$10,000 00 



$12,300 00 $10,000 00 



NORTHWESTERN NATIONAL INSURANCE CO. 



347 



Schedule B. 

Stocks and Bonds owned by the Company. 



New York city bonds, 
Pennsylvania R.R. Co. bonds, 
Union Pacific R.R. bonds, . 
600 shares Pennsylvania R.R. 
100 " Chicago & Alton R'y, . 
100 " St Louis & San Francisco R.R , 
200 " Union Pacific R.R., . 
20 " Washington Trust Co., . 



Book Value. 

$418,628 92 

5,000 00 

10,400 00 

46,137 50 

7,612 50 

8,275 00 

17,975 00 

8,000 00 



Market Value. 

$414,532 50 

5,256 25 

10,575 00 

46,762 50 

7,187 50 

8,200 00 

18,600 00 

8,400 00 



$522,028 92 $519,513 75 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1S69.J 

Paid-up Capital, $600,000. 

ALFRED JAMES, President. W. D. REED, Secretary. 

Income. 

Net fire premiums, .... 
Interest on mortgage loans, $45,921.16 

$74,825.92 ; all other, $2,290.60, 
Internal revenue recovered, 



. $1,405,074 26 



stocks and bonds, 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



Disbursements 
Net amount paid for fire losses, $490,376.45 ; 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 

Mortgages,* 

Stocks and bonds (schedule A), 



123,037 68 
51 98 

$1,528,163 92 
2,943,370 98 

$4,471,534 90 



marine, $47.52, $490,423 97 
84,000 00 
325,408 93 
128,894 91 
11,389 00 
46,377 09 
24,212 40 
51,783 00 



$1,162,489 30 
$3,309,045 60 



$955,656 67 
1,987,442 67 



* Value of land, $1,894,095; buildiugs, 81,616,917; insurance thereon, $944,250. 



348 



NORTHWESTERN NATIONAL INSl RANCH CO. 



Cash in banks and office, 
Agents 1 balances, 

Total ledger assets, 



$157,190 93 
208,755 33 

$3,309,045 60 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $6,989.76 ; stocks and bonds, $7,916.63, 
Market value of stocks and bonds over book value, 



14,906 39 
38,147 33 



Gross assets, $3,362,099 32 

Liabilities. 

Unpaid losses, including $6,000 resisted, $68,685.37 ; less 

reinsurance, $10,253.47, $58,43190 

Unearned premiums on outstanding risks, $1,478,792. 17 ; plus 

same on disallowed reinsurance, $8,903.47, . . . . 1,487,695 64 

Salaries and other miscellaneous expenses, due or accrued, . 1,824 73 

Commissions and other charges due agents and brokers, . 38,014 70 

Due for return premiums, $16,507.35 ; reinsurance, $3,500, . 20,007 35 

Special reserve, 100,000 00 

All liabilities, except capital and surplus, . . . $1,705,974 32 
Surplus to policy holders, .... $1,656,125 00 

Paid-up capital, 600,000 00 

Surplus over capital and general liabilities, .... 1,056,125 00 

Total liabilities, $3,362,099 32 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$259,367,015 00 $2,523,392 74 
. 149,106,430 00 1,535,484 72 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



8408,473,445 00 $4,058,877 46 
. 100,616,062 00 1,050,811 56 



$307,857,383 00 $3,008,065 90 
. 19,495,115 00 193,355 24 



$288,362,268 00 $2,814,710 66 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (14 per cent.). 
Company's stock owned by directors, .... 



$19,430,988 00 
9,409,442 00 
487,432 00 
48 00 
1,734,000 00 
174,000 00 
84,000 00 
'.800 00 



ORIENT INSURANCE CO. 



349 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $269,000 00 $272,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 216,724 98 225,500 00 

Chicago & Northwestern R'y bonds, . . 331,237 65 332,500 00 

Chicago, Burlington & Quincy R.R. bonds, . 60,658 75 50,750 00 

Atchison, Topeka & Santa Fe R'y bonds, . 89,463 25 101,000 00 

Southern R'y Co. bonds 101,263 75 117,000 00 

Union Pacific R.R. bonds 94,937 50 103,000 00 

Northern Pacific R'y Co. bonds, . . . 102,750 00 103,000 00 

Pitts., Cin., Chicago & St. Louis R'y bonds, . 107,132 70 108,000 00 

Baltimore & Ohio R'y bonds, . . . 98,102 07 97,750 00 

Chicago & Alton R'y bonds, .... 82,937 50 79,000 00 

Chicago & Eastern Illinois R.R. bonds, . . 60,418 75 60,000 00 

Norfolk & W Pocahontas joint bonds, . . 94,073 10 91,000 00 

Milwaukee city bonds, 65,600 06 64,890 00 

Chicago Sanitary District bonds, . . . 52,526 36 52,000 00 

Waukesha sewerage bonds, .... 32,200 00 31,200 00 

Wisconsin Central R'y bonds, .... 90,247 50 91,000 00 

Union Pacific R'y stock, 38,168 75 46,000 00 

$1,987,442 67 $2,025,590 00 



"ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June 28, 1867. Commenced business January, 1872.J 

Paid-up Capital, $500,000. 

A. G. McILWAINE, Jr., President. JAMES WYPER, Secretary. 

Income. 

Net fire premiums, * $1,206,694 67 

Interest on mortgage loans, $6,090.02; stocks and bonds, 

$55,258.42; all other, $639.40, 61,987 84 

Rents, 1,292 35 

Profit on sale or maturity of ledger assets, .... 4,428 55 

Total income, $1,274,403 41 

Ledger assets, Dec. 31, 1901, 1,937,859 43 

Total, $3,212,262 84 

Disbursements. 

Net amount paid for fire losses, $610,634.11; marine, 

$5,338.29 $615,972 40 

Interest and dividends to stockholders, 200,000 00 

Commissions or brokerage, 222,770 26 

* Including $160,918.62 collected of previous years' premiums. 



350 



ORIENT INSURANCE CO. 



Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 
Real estate taxes, $1,527.40 ; other taxes and fees, 
Return premiums and reinsurance unpaid in 1901, 
All other disbursements, .... 



Total disbursements, . 
Balance, 



Ledger Assets 

Real estate, $74,652.31 ; mortgages,* $42,250, 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents 1 debits (gross), 

Bills receivable, not matured, . 

Special deposit in New Mexico, 



Total, 

Balance due other companies, . 

Total ledger assets, . 




$63,080 47 

5.750 00 

1,379 54 

22,778 11 

6,614 06 

58,899 39 

$1,197,244 23 

$2,015,018 61 



$116,902 31 

1,466,346 89 

220,453 39 

202,481 67 

229 50 

10,000 00 

$2,016,413 76 
1,395 15 

$2,015,018 61 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,317. 16 ; stocks and bonds, §22,065.84 ; other 

assets, $839.47, 25,222 47 

Market value of stocks and bonds over book value, . . 70,675 18 
All other, 2,172 39 



Gross assets, . . . $2,113,088 65 



Assets not admitted. 

Agents' debits over three months due, . . $3,572 19 

Special deposits less $34,391.14 liab. thereon, 68,892 53 

Total unadmitted assets, .... 72,464 72 



Total admitted assets, 



. $2,040,623 93 



Liabilities. 

Unpaid losses, including $24,195.50 resisted, $126,368.79 ; less 

reinsurance, $15,423.83 $110,944 96 

Unearned premiums on outstanding risks, $809,688.66 ; plus 

same on disallowed reinsurance, $ 5,086. 57, . . . . 814,775 23 

Commissions and other charges due agents and brokers, . 37,232 35 

Due for return premiums, $5,944.59; reinsurance, $1,610.68, 7,555 27 

All liabilities, except capital and surplus, . . . $970,507 81 



* Value of property, $157 ,$55; insurance thereon, $4,100. 



ORIENT INSURANCE CO. 



351 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



. $1,070,116 12 



1500,000 00 
570,116 12 



Total liabilities, $ 2,040,623 93 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$170,451,823 00 
. 116,233,821 00 

$286,685,644 00 
. 130,725,410 00 

$155,960,234 00 
. 19,388,666 00 



Premiums. 

$1,887,454 54 
1,521,149 64 

$3,408,604 18 
1,637,630 87 

$1,770,973 31 
209,793 07 



$136,571,568 00 $1,561,180 24 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (40 per cent.), 

Company's stock owned by directors, .... 



$24,289,470 00 

15,341,865 00 

588,255 00 

211 00 

1,440,000 00 

100,000 00 

200,000 00 

2,750 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $57,750 00 $54,250 00 

Massachusetts Metropolitan water loan, . . 224,000 00 210,500 00 

State of Connecticut bonds, .... 5,020 00 5,012 50 

State of Georgia bonds, 26,750 00 26,687 50 

Territory of Arizona bonds, .... 25,497 50 28,927 09 

Alexandria, Ind., water works bonds, . . 9,187 20 9,405 00 

City of Fayetteville, N. C, bonds, . . . 10,000 00 11,250 00 

City of New London, Conn., bonds, . . . 5,332 00 5,458 33 

City of Norfolk, Va., bonds, .... 20,70000 22,31667 

City of Richmond, Va., bonds, .... 33,035 45 27,360 00 

City of South Norwalk, Conn., bonds, . . 26,903 00 26,750 00 

City of Sioux Falls, Dak., bonds, . . . 13,780 00 14,081 89 

City of Wichita Falls, Tex., bonds, . . . 8,500 00 7,650 00 

City of Willimantic, Conn., bonds, . . . 20,723 00 21,600 00 

County of Finney, Kan., bonds, . . . 10,825 00 11,150 00 

County of Glynn, Ga., bonds 10,000 00 11,458 33 

County of Pierce, Wash., bonds, . . . 10,708 00 10,751 67 

County of Wichita, Kan., bonds, . . . 4,000 00 4,000 00 

Bethany Township, Osborne Co., Kan., bonds, 3,660 00 3,535 00 



352 



ORIENT INSURANCE CO. 



Medicine Lodge Twp , Barber Co., Kan., bonds, 

Oswego Twp., Labette Co., Kan., bonds, 

Precinct of Beaver, Neb., bonds, 

Precinct of Stanton, Neb., bonds, 

Town of Thomaston, Conn., bonds, . 

Colorado school bonds, 

Dakota school bonds, 

Nebraska school bonds, . 

Texas school bonds, .... 

Washington school bonds, 

Wyoming school bonds, . 

Atch., Topeka & Santa Fe R.R. Co. bonds, 

Central of Georgia R.R. Co. bonds, . 

Central R.R. of N. J. bonds, 

Chicago, Burlington & Quincy R.R. Co. bonds, 

Chicago, Milwaukee & St. Paul R.R. Co. bonds, 

Chicago, Rock Island & Pacific R.R. Co. bonds, 

Cincinnati, Dayton & Ironton R.R. Co. bonds, 

Cincinnati & Northern R'y bonds, . 

C, C, Cincinnati & Indianap. R R. Co. bonds, 

Cleveland Terminal & Valley R.R. Co. bonds 

Columbus & Toledo R.R. Co. bonds, 

Dayton & Michigan R.R. Co. bonds, 

Detroit, Grand Rapids & West. R.R. Co. bonds 

East Tenn., Va & Georgia R.R. Co. bonds, 

Georgia R.R. & Banking Co. bonds, 

Illinois Central R.R. Co. bonds, 

Kanawha & Michigan R.R. Co. bonds, 

Lehigh & N. Y. R.R. Co. bonds, 

Minneapolis & St. Louis R.R. Co. bonds, . 

Morris & Essex R.R. Co. bonds, 

N. Y., N.'h. & Hartford R.R. Co. bonds, . 

Norfolk & Western R.R. Co. bonds, 

Ohio & West Virginia R.R. Co. bonds, 

Phila. & Reading Terminal R.R. Co. bonds, 

Pittsburgh, Cleveland & Toledo R R. Co. b'ds, 

Savannah, Florida & Western R.R. Co. bonds, 

Seaboard & Roanoke R.R. Co. bonds, 

Southern R'y Co. bonds, .... 

Terre Haute & Logansport R.R. Co. bonds, 

Vermont Valley R.R. Co. bonds, 

West Chicago St. R'y Tunnel Co. bonds, . 

West Shore R.R. Co. bonds, . 

Willmar & Sioux Falls R.R. Co. bonds, . 

Arizona Water Co. bonds, 

First Baptist Church, Nashville, Tenn., bonds 

Iowa Mortgage Co. trust debenture bonds, 

Rutland and Grafton District, 111., bonds, 



Book Value. 

$4,240 00 

5,000 00 

4,850 00 

7,760 00 

15,000 00 

6,507 41 

1,412 58 

3,901 57 

10,000 00 

10,381 00 

3,270 00 

13,850 62 

18,500 00 

80,600 00 

5,775 00 

29,407 50 

20,329 20 

9,550 00 

2,000 00 

42,150 00 

10,000 00 

15,602 50 

26,250 00 

9,790 37 

14,286 67 

11,112 50 

19,000 00 

20,250 00 

9,075 00 

30,471 50 

12,500 00 

32,219 50 

9,325 19 

3,547 50 

10,462 50 

10,525 00 

10,462 50 

20,650 00 

10,115 00 

4,425 00 

25,125 00 

10,100 00 

90,800 00 

16,425 00 

3,666 67 

9,500 00 

1,320 00 

1,000 00 



Market Value. 
$4,120 00 

5,000 00 

5,400 00 

8,400 00 
15,100 00 

6,000 00 

1,200 00 

3,110 00 
10,000 00 
10,000 00 

3,000 00 
13,585 83 
20,950 00 
86,043 75 

6,815 00 
28,625 00 
21,050 00 
11,216 67 

2,000 00 
45,604 17 

9,533 33 
13,400 83 
26,250 00 

9,750 00 
17,425 00 
10,550 00 
19,150 00 
23,875 00 

9,616 67 
31,800 00 
13,254 17 
69,874 00 

9,825 00 

3,490 00 
11,716 67 
11,550 00 
11,175 00 
21,800 00 
11,450 00 

4,200 00 
26,687 50 

9,991 67 
87,500 00 
17,935 00 

2,833 33 

9,737 50 
600 00 

1,000 00 



PAWTUCKET MUTUAL FIRE INSURANCE CO. 



353 



113 shares City Bank, Hartford, 

60 " First National Bank, Norwich, 

100 " Holland Trust Co., New York, 

152 " Mercantile Natfl Bank, Hartford, 

31 " Chicago, Burl. & Quincy R.R. Co., 

84 " Cincinnati & Northern Railway, 

804 " N. Y., N. H. & Hartford R.R. Co., 

255 " St. Jo., So. Bend & South. R.R. Co. 

100 " Arizona Water Co., . 

10 " Underwriters' Salvage Co., 



Book Value. 

$14,451 00 
8,775 00 
12,987 50 
4,813 50 
3,100 00 
9,797 21 

116,059 25 

24,500 00 

2,000 00 

1,000 00 



Market Value. 

$10,735 CO 

5,400 00 

300 00 

304 00 

5,828 00 

2,436 00 

177,684 00 

15,500 00 

2,500 00 

1,000 00 



$1,466,346 89 $1,537,022 07 



"PAWTUCKET MUTUAL FIRE INSURANCE COMPANY,' 1 

PAWTUCKET, R. I. 

[Incorporated May, 184S. Commenced business February, 1849.] 
A. A. MANN, President. ISAAC SHOVE, Secretary. 

Income. 
Net premiums, $95,337.21 ; extra premiums, $325.79, . . $95,663 00 
Interest on mortgage loans, $3,203.70; stocks and bonds, 

$7,900; all other, $1,800.19, 12,903 89 



Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, . . . 

Disbursements 

Net amount paid for losses, 

Profits on terminated policies, . 

Commissions or brokerage, 

'Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 



Mortgages,* .... 
Stocks and bonds (schedule A), 
Cash in banks, .... 
Agents 1 debits (gross), 

Total ledger assets, . 



$108,566 89 
345,589 99 

$454,156 88 



$24,227 46 
20,310 21 
13,475 36 
6,563 00 
1,617 00 
1,946 75 
2,966 92 

$71,106 70 

$383,050 18 



$55,735 00 

246,581 75 

77,136 09 

3,597 34 

8383,050 18 



* Value of land, $47,000; buildings, $91,200; insurance thereon, $81,200. 



354 PAWTUCKET MUTUAL FIRE INMKAME CO. 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . $13,042 25 



Gross assets, £ 396,092 43 

Liabilities. 

Unpaid losses, including £622.58 resisted, .... $641 94 

Unearned premiums on outstanding risks, .... 169,483 39 

Dividends due policy holders, 200 00 

Taxes due or accrued, 1,398 45 



All liabilities, except surplus, $171,723 78 

Surplus, 224,368 65 



Total liabilities £396,092 43 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, £21,798,969 00 £286,266 77 £286,266 77 

Risks written during 1902, . 6,943,530 00 99,155 96 99,155 96 



Total, £28,742,499 00 £385,422 73 £385,422 73 

Risks expired and terminated, . 5,160,881 00 66,263 30 66,263 30 



In force at end of year, . .£23,581,618 00 8319,159 43 8319,159 43 
Amount reinsured, . . . 8,000 00 47 53 47 53 



Net amount in force, . .£23,573,618 00 £319,11190 $319,11190 

Miscellaneous. 

Losses incurred during the year, 824,212 00 

Profits or surplus returned during 1902, 20, 25, 30, 33*, 40 
and 50 per cent. 

Schedule A. 

Stocks and Bonds owned by the Company. 

Boob Value. Market Value. 

United States bonds, £192,91125 8194,090 00 



Rhode Island Suburban R.R bonds, 
State of Rhode Island bonds, . 

49 shares Providence & Worcester R.R., . 

50 " Slater Tr. Co. (Pawtucket, R. I.), 
10 " Am. Screw Co. (Providence, R. I.), 



19,400 00 19,400 CO 

20,966 50 20,400 00 

4,704 00 14,504 00 

7,600 00 10,400 00 

1,000 00 830 00 



$246,581 75 £259,624 00 



THE PELICAN ASSUKANCE CO. 



355 



"THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 7, 1899. Commenced business May 1, 1899.] 

Paid-up Capital, $200,000. 

A. D. IRVING, President. L. P. BAYARD, Secretary. 

Income. 

Net fire premiums, * $279,711 55 

Interest on bonds, 11,530 70 



Total income, $291,242 25 

Ledger assets, Dec. 31, 1901, 399,224 21 



Total, $690,466 46 



Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, . 
Taxes and fees, .... 
All other disbursements, . 

Total disbursements, . 

Balance, .... 



$135,363 31 

64,995 45 

14,835 04 

5,286 31 

4,616 62 

$225,096 73 

$465,369 73 



Ledger Assets. 

Bonds (schedule A), . . $395,723 01 

Cash in banks, 36,057 52 

Agents' debits (gross), 33,589 20 



Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on bonds, . 
Reinsurance due on losses paid, 



$465,369 73 



3,339 03 
14 65 



Gross assets, $468,723 41 

Assets not admitted. 
Agents' debits over three months due, . . $146 81 

Depreciation in book value of bonds,. . . 7,232 62 

Total unadmitted assets, .... 7,379 43 



Total admitted assets, 



$461,343 98 



* Including $33,149.67 collected of previous years' premiums. 



356 



THE PELICAN ASSURANCE CO. 



LlABILITH 

Unpaid losses, including £4,480 resisted, f 25,951 : less 

reinsurance, 15,168, 

Unearned premiums on outstanding risks, .... 
Salaries and other miscellaneous expenses due or accrued, . 
Commissions and other charges due agents and broke 
Due for return premiums, 85,681.50 : reinsurance, 83,960. 33, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



\649 13 



f20,783 00 

148,083 74 

943 18 

7,643 10 

9,641 83 

$187,694 85 

200,000 00 
73,649 13 



. $461,343 98 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . .£25,183,702 00 £243,00126 
Fire risks written during 1902, . . 31,867,420 00 354,192 11 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 



?57,051,122 00 $597,193 37 
24,449,637 00 266,787 44 



$32,601,485 00 $330,405 93 
5,420,395 00 49,501 36 



£27,181,090 00 £280,904 57 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



£622,632 00 

295,858 00 

131,757 00 

6,500 00 



Schedule A. 
Bonds owned by the Company. 

Book Value. 

United States bonds, £215,000 00 

Brooklyn city bonds, .... 
N. Y. Central & Hudson River R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Gt. Northern-Northern Pacific R.R. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 



21 76 
34,192 50 
24,168 75 
24,240 8o 
15,299 17 



Market Value. 

6215,030 00 
79,484 14 
32,025 00 
23,312 50 
23,500 00 
15,168 75 



£395,723 01 £388,490 39 



PENNSYLVANIA FIRE INSURANCE CO. 



° K ft 

6 <) ( 



"PENNSYLVANIA FIRE INSURANCE COMPANY;' 
PHILADELPHIA, PA. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

R. DALE BENSON, President. \V. GARDNER CROWELL, Secretary. 



Income. 

Net fire premiums, 

Deposit premiums on perpetual risks, 
Interest on mortgage loans, $33,309. 95 ; collaterals, f 9,769. 72 
stocks and bonds, f 172,649.97 ; all other, f 1,649.44, 

Rents, 

Profit on sale or maturity of ledger assets, 

From all other sources, 



Total income, . . N . 
Ledger assets, Dec. 31, 1901, . 

Total, 



* $2,854,815 73 
39,278 27 

217,379 08 

6,925 75 

4,471 67 

709 43 



£3,123,579 93 
4,970,656 18 

^8,094,236 11 



Disbursements. 

Net amount paid for fire losses, $1,389,528 82 

Deposit premiums returned, 28,758 77 

Dividends to stockholders, 100,000 00 

Commissions or brokerage, 543,486 11 

Salaries, fees, etc., of officers and employees, .... 134,500 00 

Repairs and expenses on real estate, 2,523 50 

Real estate taxes, $3,933.70; other taxes and fees, $58,980. 14, . 62,913 84 

Loss on sale or maturity of ledger assets, .... 23,457 50 

All other disbursements, 87,077 38 



Total disbursements, . 
Balance, . • . 



. $2,372,245 92 



1,721,990 19 



Ledger Assets. 

Real estate, $258,454.25; mortgages,! $727,916.66, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), . . . 

Total ledger assets, 



$986,370 91 
472,200 00 

3,678,151 91 
132,144 84 
453,122 53 

. $5,721,990 19 



* Including $362,149.54 collected of previous years' premiums. 
t Value of property, $1,616,410; insurance thereon, $601,500. 



358 



PENNSYLVANIA FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $6,278.25; collateral loans, §3,538.89, 
Market value of stocks and bonds over book value, 

Gross assets, 



$9,817 14 
142,167 09 

. $5,873,974 42 



Assets not admitted. 
Agents' debits over three months due, 
Special deposits less $52,362 liability thereon, 
Depreciation in book value of real estate, 
Total unadmitted assets, . 

Total admitted assets, 



$17,436 26 
33,338 00 
38,954 25 



89,728 51 
. $5,784,245 91 



Liabilities. 
Unpaid losses, including $11,670 resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, .... 
Commissions and other charges due agents and brokers, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... $2,559,760 09 

Paid-up capital, 

Surplus over capital and general liabilities, . 



Total liabilities, 



$186,461 02 

2,147,708 86 

866,315 94 

24,000 00 

63,224,485 82 

400,000 00 

2,159,760 09 

$5,784,245 91 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$410,902,094 00 $4,110,688 19 
. 284,832,230 00 3,488,649 94 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$695,734,324 00 $7,599,338 13 
. 263,171,484 00 2,941,004 38 



$432,562,840 00 $4,658,333 75 
. 54,984,365 00 533,877 28 



§377,578,475 00 $4,124,456 47 



Perpetual risks in force (not included above), 838,234,083 00 $951,229 17 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



645,405,800 00 

, 24,225,875 00 

, 1,346,656 00 

3,429,000 00 

100,000 00 

64,300 00 



PENNSYLVANIA FIRE INSURANCE CO. 



359 



Schedule A. 
Securities held as Collateral. 



Equitable Ilium. Gas Light Co., Phila., bonds, 
16 shares First N'l B'k, Shippensburg, Pa., 
Choctaw, Oklahoma & Gulf R.R. Co. bonds, 
105 shares Lehigh Coal & Navigation Co., 

10 " Com. Title Ins. & Trust Co., . 

4 " Bank of North America, . 

200 " Real Estate Trust Co., . 

Bellefonte Central R.R. Co. bonds, . 

7 shares Moorestown National Bank, 

5 " Burl. Co. Safe Dep. & Trust Co., 

25 " Union National Bank, . 

130 " Pulaski Iron Co., . 
85 " Keystone Watchcase Co., 

100 " Gr. Rap's, Hoi. & L. Mich. R. R'y 
1,000 " Western N. Y. & Penn. R.R. Co., 
Western N. Y. & Penn. R.R. Co. bonds, . 
City of Philadelphia loan, 
600 shares United States Steel Co., . 
200 " Philadelphia Co 

17 " Exchange Nat'l Bank, Pittsburg, 
100 " Southern Pacific R.R. Co., 
400 " United States Steel Co., . 
100 " Reading R.R., 
100 " Metropolitan Street R'y Co., . 
Indianapolis Street R'y Co. bonds, . 
Omaha Gas Co. bonds, .... 

100 shares Metropolitan Street R'y Co., 

100 " Southern Pacific R'y Co., . 
1,000 " Philadelphia Electric Co., . 

100 " Reading R.R., 

300 " Atch., Top. & Santa Fe R.R. Co., 

100 " American R'y Co., 

100 " Philadelphia Electric Co., . 
Kansas City Southern R'y Co. bonds, 
Kansas City Southern R'y Co. bonds, 
Atch , Topeka & Santa Fe bonds, 
' 100 shares Cambria Steel Co., . 
Philadelphia Co. consolidated bonds, 
Philadelphia & Reading consolidated bonds, 
Metropolitan Street R'y Co. bonds, 
300 shares Cambria Steel Co., . 
100 " Lehigh Valley R.R. Co., 

4 " Girard Trust Co., . 
100 " Erie R.R. Co., . 



} 



Market Value. 

11,090 00 
2,400 00 

30,000 00 

7,560 00 

710 00 

1,096 00 

40,000 00 

3,400 00 

1,610 00 

550 00 

2,350 00 

15,600 00 
7,820 00 

10,000 00 
8,000 00 
6,200 00 

32,100 00 

21,600 00 
9,200 00 
1,650 00 
6,500 00^ 

14,400 00 
3,400 00 

14,100 00 

22,000 00 
3,030 00 J 

14,100 00 >j 
6,500 00 
7,000 00 . 
3,400 00 J 

30,000 00 >j 

5,200 00 

700 00 

2,070 00 

1,380 00 

27,300 00 
2,600 00 
5,200 OO^j 

17,700 00 
9,600 00 
7,800 00 > 
3,800 00 I 
2,740 00 i 
5,100 00 J 



Loaned Thereon. 

$900 00 

1,500 00 

25,000 00 

4,000 00 

500 00 

18,000 00 

2,000 00 

3,800 00 

15,000 00 

9,500 00 
12,000 00 

30,000 00 
25,000 00 



} 50,000 00 



} 25,000 00 



J> 25,000 00 
J 



} 



25,000 00 



25,000 00 



360 



PENNSYLVANIA FIRE INSURANCE CO. 



450 shares United Gas Improvement Co., 
100 " Philadelphia Co., 
Philadelphia Co. bonds, . 
300 shares Philadelphia Co., 
150 " United Gas Improvement Co., 
Philadelphia Co. consolidated bonds, 
78 shares Girard Trust Co., . 
600 " Chicago & Gt. Western R'y Co., 
Erie R'y Co. bonds, .... 
500 shares Philadelphia Co., 
700 " Union Traction Co., 
200 " Consolidated Lake Superior, 
100 " Philadelphia & Erie R.R. Co., 
700 " Philadelphia Electric Co. 



Schedule B. 



Market Value. Loaned Thereon 

$49,500 00 \ 

4,900 00 > 

9,360 00 ) 
13,800 00 \ 
16,500 00 S 

4,160 00 ) 
53,430 00 
16,800 00 ) 
17,640 00 S 
13,800 00 s 
32,200 00 I 

7,800 00 )> 

5,800 00 

4,900 00 J 



|50,000 00 

25,000 00 

25,000 00 
25,000 00 

50,000 00 



$669,146 00 $472,200 00 



Stocks and Bonds owned by the 



United States bonds, . 

Philadelphia city loans, 

St. Louis city bonds, . 

City of Springfield, 111., bonds, 

City of Dayton, Ohio, bonds, . 

City of Quincy, 111., bonds, 

Newark, Ohio, bonds, 

City of Duluth, Minn , bonds, . 

Boro' of Sharpsburg, Pa., bonds, 

Sanitary District Chicago, 111., bonds, 

Sch. Dist. of the Boro' of Sewickley, Pa., b'ds 

City of Trenton, N. J , tax warrants 

West Knoxville General Imp. Co. bonds, 

Phila., Wilmington & Baltimore R.R. certs, 

Philadelphia & Erie R.R. Co. bonds, 

Philadelphia & Reading R.R. Co. bonds, . 

Philadelphia & Read. R.R. Term. Co. bonds, 

Lehigh Valley R.R. Co. bonds, 

Penn. & N. Y. Canal & R.R. Co. bonds, . 

Chicago & West. Indiana R.R. Co. bonds, 

Shamokin, Sunb. & Lewisb. R.R. Co. bonds, 

St. Paul & Northern Pacific R.R. Co. bonds, 

Clev., Col., Cin. & Indianapolis R'y Co. bonds 

N. Y., Sus. & Western R.R. Co. bonds, . 

Indianapolis & Vincennes R.R. Co. bonds, 

Chicago & Erie R.R. Co. bonds, 

Baltimore & Potomac R.R. Co. bonds, 

McKeesp. & Belle Vernon R.R. Co. bond 



Company. 

Book Value. 

f94,687 50 
4,475 00 
22,937 50 
36,612 50 
36,773 75 
26,000 00 
12,720 00 
48,232 60 
41,464 00 
10,364 80 

25.080 00 
10,681 03 
22,000 00 

113,000 00 
78,750 00 

40.081 25 
100,250 00 
154,075 00 
123,482 50 
143,387 50 

19,450 00 

56,170 00 

29,700 00 

104,750 00 

8,648 50 

55,250 00 

18,375 00 

75,335 00 



Market Value. 
184,700 00 

2,060 00 

27,250 00 

37,100 00 

37,120 00 

26,250 00 

12,720 00 

51,700 00 

40,800 00 

10,200 00 

25,200 00 

10,000 00 

24,800 00 

125,200 00 

89,250 00 

45,050 00 

123,000 00 

160,000 00 

126,700 00 

146,250 00 

21,000 00 

64,500 00 

40,200 00 

114,000 00 

8,120 00 

60,500 00 

17.550 00 

75,000 00 



PENNSYLVANIA FIRE INSURANCE CO'. 



861 



Newburgh & N. Y. R.R. Co. bonds, 

Northern Central R.R. Co. bonds, 

Atlantic City R.R. Co. bonds, . 

Camden Horse R.R. Co. bonds, 

Bellefonte Central R.R. Co. bonds, 

Evansville & Terre Haute R.R. Co. bonds, 

Terminal R.R. Asso. of St. Louis bonds, 

Lynn & Boston R.R. Co. bonds, 

Pine Creek R'y Co. bonds, 

Chicago & Northwestern R'y Co. bonds, 

Chic, Rock Island & Pacific R.R. Co. bonds, 

Chicago, Milwaukee & St. Paul R'y Co. bonds 

Chicago, Hammond & West. R.R. Co. bonds, 

Chesapeake & Ohio R.R. Co. bonds, 

Kansas City Southern R'y Co. bonds, 

Western Transit Co. bonds, 

Cleveland, Lorain & Wheel. R.R., Co. bonds, 

Choctaw & Memphis R.R. Co. bonds, 

St. Lo., Iron Mt. & Southern R'y Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Wisconsin Central R'y Co. bonds, . 

Union Pacific R'y Co. bonds, . 

L. & Nash R.R. Co. & Mob. & Mont. R'y Co. 

N. Y., Phila. & Norfolk R.R. Co. bonds, . 

Erie R.R. Co. bonds, 

Southern Pacific R.R. Co. (of Cal.) bonds, 
Greenbrier R'y Co. bonds, 
Central Pacific R'y Co. bonds, . 
Lehigh Valley R.R. Co. bonds, 
Pennsylvania Co. trust gold certificate, . 
Choctaw, Oklahoma & Gulf R.R. Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 
Chesapeake & Ohio R'y Co. bonds, . 
Erie R.R. Co. bonds, .... 
Southern R'y Co. bonds, . 
Lehigh Valley Coal Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Chesapeake & Delaware Canal Co. bonds, 
400 shares Bellefonte Central R.R. Co., 
144 " Reading Co., . 
210 " Grand Rapids & Indiana R.R. Co., 

14 " Philadelphia Bourse, 
200 " Philadelphia National Bank, 



Book Value. 

$15,750 00 

9,450 00 

30,825 00 

26,250 00 

2,250 00 

25,750 00 

54,500 00 

51,375 00 

64.500 00 
52,100 00 

127,468 75 
56,375 00 

121,500 00 
48,142 50 
19,807 00 
51,735 00 
53,875 00 
52,000 00 
55,406 25 

115,343 75 
47,062 50 
26,218 75 
55,475 00 
25,625 00 
93,625 00 

107,750 00 
48,000 00 
87,750 00 
43,563 30 
95,437 50 
53,750 00 
49,125 00 
49,272 50 
51,319 45 
50,000 00 
51,250 00 

121,320 00 

8,602 50 

20,150 00 

7,352 61 

18.501 00 
700 00 

19,165 12 



Market Value. 

$16,500 00 
6,360 00 
33,600 00 
26,250 00 
2,125 00 
26,000 00 
56,000 00 
58,000 00 
66,500 00 
50,290 00 

131,000 00 
56,500 00 

127,000 00 
49,560 00 
18,200 00 
51,000 00 
57,000 00 
58,000 00 
57,000 00 

115,500 00 
46,000 00 
26,250 00 
55,500 00 
25,500 00 
93,500 00 

109,000 00 
48,500 00 
86,000 00 
43,860 00 
95,060 00 
55,000 00 
50,000 00 
50,000 00 
51,500 00 
50,500 00 
54,000 00 

125,000 00 
5,100 00 
5,500 00 
5,004 00 
9,870 00 
70 00 
61,000 00 



$3,678,151 91 $3,820,319 00 



362 



I'HEXIX INSURANCE CO. 



"PHENIX INSURANCE COMPANY/ 1 BROOKLYN, N. Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE P. SHELDON, President. \VM. A. W1LIGHT, <zcretury. 

Income. 

Net fire premiums, * $5,893,480 00 

Interest on mortgage loans, $3,323 . 66 ; collaterals, $3,631 .21: 

stocks and bonds, $158,513.39; all other, $544. 01, . 166,012 27 

Rents, including company's own occupancy, .... 37,285 68 
Profit on sale or maturity of ledger assets, .... 168,092 14 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



. $6,264,870 09 
. 6,090,529 77 

$12,355,399 86 



Disbursements. 

Net amount paid for fire losses, 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $5,386 . 81 ; other taxes and fees, $111 ,580 . 49 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



$3,238,708 53 

100,000 00 

1,002,338 09 

366,286 45 

40,482 84 

14,241 93 

116,967 30 

48,050 00 

405,147 93 



Total disbursements, $5,332,223 0^ 



Balance, 



87,023,176 79 



Ledger Assets. 

Real estate, $401,404.39 ; mortgages,! $64,600, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents 1 debits (gross), .... 
All other ledger assets, .... 

Total ledger assets, .... 



$466,004 39 

107,500 00 

4,872,005 33 

536,508 38 

918,763 89 

122,394 80 

$7,023,17 



* Including $45,465.23 collected of previous years' premiums. 

t Value of land, $40,500; buildings, $87,000; insurance thereon, $77 



PIIENIX INSURANCE CO. 



3<)3 



Non-Ledgek Assets. 
Interest due — 
On mortgages, $1,046.64 ; stocks and bonds, $ 4,318. 33, 
Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds ovet book value, 



Gross assets, 



Assets not admitted. 
Special deposits less $191,722.44 liability thereon, . 

Total admitted assets, 



$5,364 97 

4,374 95 

166,595 61 

501,513 67 

$7,701,025 99 

81,077 56 
$7,619,948 43 



Liabilities. 

Unpaid losses, including $34,373.50 resisted $329,592 05 

Unearned premiums on outstanding risks, .... 4,335,650 99 

Salaries and other miscellaneous expenses, due or accrued, . 2,650 00 

Commissions and other charges due agents and brokers, . 157,471 36 

Due for return premiums, $101,194. 27; reinsurance,$2,350.77, 103,545 04 



All liabilities, except capital and surplus, . . . $4,928,909 44 
Surplus to policy holders, .... $2,691,038 99 

Paid-up capital, 1,000,000 00 

Surplus over capital and general liabilities, .... 1,691,038 99 



Total liabilities, $7,619,948 43 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$710,941,972 00 $7,871,404 93 
. 641,721,632 00 7,108,246 34 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,352,663,604 00 $14,979,651 27 
.575,633,087 00 6,157,686 26 



$777,030,517 00 $8,821,965 01 
. 44,823,412 00 516,669 22 



$732,207,105 00 $8,305,295 79 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



$136,569,715 00 

67,321,184 00 

3,222,116 00 

4,274,000 00 

100,000 00 

152,800 00 



364 



PIIKMX INSURANCE CO. 



Schedule A. 



250 shares Consolidated Gas Co., 



100 " Amalgamated Copper Co,, 

312 " Electric Storage Battery Co , . 

100 " Kings Co. Elec. L't & Power Co., . 

12 " Municipal Gas Co. of Albany, X. Y , 

5 " Central Trust Co. of N. Y., . 

100 " N. Y. Mutual Telegraph Co , . 

Schedule B. 
Stocks and Bonds owned by the 



United States bonds, .... 

State of Virginia " century " bonds, . 
City of Richmond, Va., bonds, . 
N. Y. City consolidated stock " dock bonds," 
St. Paul, Minn. & Manitoba R'y Co bonds, 
Chicago & Northwestern R'y Co. bonds, . 
Council Bluffs City Water Works Co. bonds, 
Denver Gas & Electric Co. bonds, . 
Lincoln Gas & Electric Co. bonds, . 
Grove Mills Paper Co. bonds, . 
Chicago & Northwestern R'y Co. stock, 
Louisville & Nashville R.R. Co. stock, 
Delaware, Lackawanna & West. R.R. Co. st'k 
Delaware & Hudson Canal Co. stock, 
Chicago, Mil. & St. Paul R'y Co. stock, 
Chicago, St. Paul, Minn. & Omaha R'y Co. st'k 
Central R.R. Co. of New Jersej* stock, 
Pitts., Cin., Chic. & St. Louis R'y Co. stock, 
Erie R.R. Co. stock, .... 
First National Bank, N. Y., stock, . 
National Park Bank, N. Y., stock, . 
National City Bank, N. Y., stock, 
Western National Bank, N. Y., stock, 
Chatham National Bank, N. Y\, stock, 
National Bank of Commerce, N. Y., stock, 
Phenix National Bank, N. Y., stock, 
National City Bank, Brooklyn, stock, 
Brooklyn Bank, Brooklyn, stock, 
Trust Company of America stock, . 
Bond & Mortgage Guarantee Co. stock, 
United States Steel Corporation stock, 
New York Mutual Gas Light Co. stock, 
Consolidated Gas Co., N. Y., stock, . 



Securities held as Collateral. 

Market Value. Loaned Thfr'-on. 

$55,000 00 >i 
6,100 00 



26,420 00 
21,200 00 \ \ 

3,900 00 

9,975 00 

2,875 00 J 



$125,470 00 $107,500 00 



Company. 

Book Value. 

$392,663 22 

60,037 50 

20,895 00 

416,000 00 

57,500 00 

25,076 66 

99,000 00 

150,000 00 

160,000 00 

21,173 33 

749,682 50 

102,600 00 

413,133 15 

104,475 00 

180,412 50 

100,062 50 

237,049 50 

42,562 50 

72,087 50 

195,000 00 

89,890 63 

115,042 25 

49,541 25 

126,690 93 

17,500 00 

4,645 00 

114,302 82 

32,151 13 

40,000 00 

22,000 00 

90,000 00 

134,781 00 

247,375 00 



Market Value. 

$432,000 00 

100,000 00 

21,000 00 

400,000 00 

56,375 00 

25,220 00 

100,000 00 

97,500 00 

128,000 00 

20,000 00 

880,000 00 

102,400 00 

510,900 00 

103,200 00 

179,000 00 

97,500 00 

262,500 00 

47,000 00 

68,000 00 

232,500 00 

189,000 00 

120,000 00 

87,000 00 

119,000 00 

15,600 00 

5,200 00 

87,000 00 

26,000 00 

58,000 00 

78,000 00 

86,000 00 

170,000 00 

286,200 00 






PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 3(>5 

Book Value. Market Value. 

American Light & Traction Co. stock, . . $22,000 00 $20,424 00 
Central & So. American Telegraph Co. stock, 116,674 46 103,000 00 
"Realty Associates" stock, .... 50,00000 60,00000 



$4,872,005 33 $5,373,519 00 



" PHILADELPHIA MANUFACTURERS 1 MUTUAL FIRE INSURANCE 
COMPANY," PHILADELPHIA, PA. 

[Incorporated Aug. 23, 1S80. Commenced business Nov. 1, 1880.] 
EDWIN I. AT LEE, President. RICHARD H. MORRIS, Secretary. 

Income. 

Net premiums, * $234,143 61 

Interest on stocks and bonds, $8,682 . 20 ; all other, $376 . 16, . 9,058 36 

From all other sources, 1,484 84 

Total income, $244,686 81 

Ledger assets, Dec. 31, 1901, 186,424 78 

Total, $431,111 59 

Disbursements. 

Net amount paid for losses, $50,384 00 

Profits on terminated policies, 127,618 66 

Salaries, fees, etc., of officers and employees, .... 9,935 69 

Rents, 1,845 31 

Taxes and fees, 1,185 07 

Loss on sale or maturity of ledger assets, .... 104 66 

Returned premiums, 13,712 88 

All other disbursements, 10,207 55 



Total disbursements, $214,993 82 



Balance, $216,117 77 

Ledger Assets. 

Stocks and bonds (schedule A), $181,957 76 

Cash in banks and office, ., 27,757 65 

Agents' debits (gross), 6,402 36 



Total ledger assets, $216,117 77 

Non-Ledger Assets. 

Interest accrued on stocks and bonds, 2,656 20 

Market value of stocks and bonds over book value, . . 25,562 04 

Gross assets $244,336 01 

* Including $9,251.11 collected of previous years' premiums. 



366 PHILADELPHIA MANUFACTURERS' MUTUAL FIBE DIB. 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



£1,100 00 
105,433 67 

* 106,533 67 
137,802 34 

$244,336 01 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $24,536,520 00 $215,442 23 f 1,077,211 15 

Risks written during 1902, . 25,845,985 00 225,521 32 1,127,606 60 



Total 150,382,505 00 $440,963 55 $2,204,817 75 

Risks expired and terminated, . 26,626,791 00 230,096 20 1,150,481 00 



In force at end of year, 



■ 123,755,714 00 $210,867 35 f 1,054,336 75 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 19u2, 56 per cent. 



$20,516 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Consolidated Traction Co of X J. bonds, . $4,350 00 $5,500 00 

Cambria & Clearfield R.R. bonds, . . . 10,340 00 10,600 CO 

West Jersey & Seashore R.R. bonds, . . 10,000 00 10,500 00 

Sunb'y, Hazleton & Wilkes-Barre R.R. bonds, 4,900 00 5,400 00 

Pennsylvania R.R. bonds 1,082 50 1,180 00 

Millville Manufacturing Co. bonds,. . . 5,300 00 5,100 00 

Lehigh Coal & Navigation Co. bonds, . 15,305 00 15,080 00 

Allegheny Valley R.R. bonds 18,300 00 17,850 00 

Philadelphia & Baltimore Central R R. bonds, 10,204 38 10,200 00 

Northern Pacific R'y Co. bonds, . . . 4,104 67 2,880 00 

Cleveland & Marietta R.R. bonds. . . . 5,350 00 5,500 00 

St. Louis Merchants' Bridge Co. bonds, . . 10,428 33 11,500 00 

Lehigh Valley Coal Co. bonds, . . . 20 y 300 00 21,600 00 

Pennsylvania' Steel Co. bonds, .... 10,353 33 10,500 00 

282 shares West Jersey & Seashore R.R., 13,417 38 20,022 00 

90 " Philadelphia National Bank, . . 18,906 25 27,630 00 

25 " Land Title & Trust Co 3,276 00 7.550 00 

3 " Pennsylvania R.R. 164 92 234 00 

100 " The Chartiers R *y Co., . . 6,500 00 9.500 00 

150 " Erie & Pittsbur^R R., - . . 9,375 00 11,850 00 



f!81,957 76 8210,17' 



PHCENIX INSURANCE CO. 



367 



"PHCENIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1S54. Commenced business June, 1854.] 
Paid-up Capital, $2,000,000. 
D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary. 

Income. 

Net fire premiums, *$3,838,198 06- 

Interest on mortgage loans, f 4,800. 05 ; collaterals, $607.40 



stocks and bonds, $266,750.12, 
Rents, . . . 
Profit on sale or maturity of ledger assets, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements. 

Net amount paid for fire losses, 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, . . . . 

Repairs and expenses on real estate, .... 
Real estate taxes, $5, 152. 04; other taxes and fees, $110,873.10 
Loss on sale or maturity of ledger assets, 
All other disbursements, 

Total disbursements, 

Balance, 



272,157 57 

19,211 51 

9,612 09 

$4,139,179 23 
4,391,403 91 

$8,530,583 14 



$1,826,896 12 

240,000 00 

660,446 75 

188,002 08 

11,556 35 

5,481 16 

116,025 14 

22,205 55 

292,548 95 

$3,363,162 10 

$5,167,421 04 



Ledger Assets. 

Real estate, f 393,659. 53; mortgages,! $88,036.75, 



Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 
Agents' debits (gross), .... 

Total ledger assets, .... 



$481,696 28 
34,000 00 

3,570,576 52 
343,430 57 
737,717 67 

^5,167,421 04 



Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $2,086.94; stocks and bonds, $32,717.33 ; col- 
lateral loans, $509 ; other assets, $2,112.50, 

Rents due and accrued on company's property, 



37,425 77 
4,478 46 



* Including $312,083.75 collected of previous years' premiums. 

t Value of land, $142,300; buildings, $66,550; insurance thereon, $49,660. 



368 



PHOENIX INSURANCE CO. 



Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
All other, 



$22,036 79 

1,208,663 73 

2,690 89 



Gross assets, 



$6,502,716 68 



Assets not admitted. 
Agents 1 debits over three months 1 due, . . $5,104 54 
Special deposits less $ 104,640.92 liab. thereon, 126,034 08 
Total unadmitted assets, .... 

Total admitted assets, $6,371,578 06 



131,138 62 



Liabilities. 

Unpaid losses, including 827,001.67 resisted, $410,849. 15; less 

reinsurance, $14,419.55, 6396,429 60 

Unearned premiums on outstanding risks, £2,635,214.31 ; plus 

same on disallowed reinsurance, $5,280.59, . . . . 2,640,494 90 

Commissions and other charges due agents and brokers, . 73,416 00 

Due for return premiums, $40,518 ; reinsurance, £14,111, . 54,629 00 

All liabilities, except capital and surplus, . . $3,164,969 50 

Surplus to policy holders, .... $3,206,608 56 

Paid-up capital, 2,000,000 00 

Surplus over capital and general liabilities, .... 1,206,608 56 

Total liabilities $6,371,578 06 



Fire risks outstanding Dec. 31, 1901 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$471,345,883 00 $4,833,139 32 
.416,054,289 00 4,194,354 80 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$887,400,172 00 $9,027,494 12 
.385,772,771 00 3,661,240 01 



$501,627,401 00 $5,366,254 11 
. 21,786,699 00 250,923 25 



$479,840,702 00 $5,115,330 86 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company^ stock owned by directors, . 



$83,933,838 00 

50,169,930 00 

1,808,067 00 

8,605,000 00 

240,000 00 

63,400 00 



PHCENIX INSURANCE CO. 



369 



Schedule A. 

Securities held as Collateral. 

Market Value. 

240 shares Landers, Frary & Clark, . . $12,000 00 

70 " Southern New Eng. Telephone Co., 10,710 00 

31 " ^tna Life Insurance Co., . . 11,935 00 

120 " Hart. S. Boiler Inspec. & Insur. Co., 21,000 00 

20 " Adams Express Co., . . . 4,100 00 



Loaned Thereon. 

$9,000 00 



25,000 00 



$59,745 00 $34,000 00 



Schedule B. 

Slocks and Bonds owned by the 



Georgia State bonds, 

New York Dock Co. bonds, 

Ashland, Ore., water bonds, 

Brantford, Can., bonds, 

Guelph, Can , bonds, 

Victoria, B. Col., bonds, . 

Town of St. Henry, P. Q., bonds, 

Province of New Brunswick bonds, 

Chicago & No. Shore St. R'y Co. bonds, 

Fostoria, O., water bonds, 

Leavenw'th City & Ft. Leavenw'th water b'ds 

Hannibal, Mo., school bonds, 

Urbana, O., gas bonds, 

Western Union Telegraph Co. bonds, 

Atlantic & Danville R.R. bonds, 

Chesapeake & Ohio bonds, 

Chicago & Northwestern R'y bonds, 

Chicago & Western Indiana bonds, 

Chic, Burl. & Quincy No. Pac. & Gt. N. bonds 

Chicago & Erie R.R. bonds, 

Cin., Dayton & Ironton bonds, . 

Central R.R. of New Jersey bonds, 

Detroit R'y bonds, 

Elgin, Joliet & Eastern bonds, . 

Erie R'y bonds, .... 

Erie Railway, Penn., bonds, 

Easton & Amboy bonds, . 

Iowa Central R'y Co. bonds, . 

Lehigh Valley Terminal bonds, 

Minneapolis Union R'y Co. bonds, 

N. Y., Lackawanna & Western R.R. bonds, 

N. Y., N. H. & Hartford R.R. debentures, 

Penn. & N. Y. Canal & R.R. bonds, . 

St. Louis, Iron Mt. & Southern consol. bonds, 



Company. 

Book Value. 

$11,535 00 
39,480 00 
53,125 00 
27,737 50 
27,076 00 
21,900 00 
78,375 00 

. 5,048 35 
26,446 58 
25,000 00 
25,000 00 
6,000 00 
26,440 00 
52,312 50 
47,000 00 
59,000 00 
43,975 00 

186,792 50 
64,587 50 
55,200 00 
25,125 00 
20,526 25 
27,500 00 
57,375 00 
53,000 00 
23,593 75 
33,671 50 
35,212 50 
29,075 50 
84,718 34 
53,125 00 
75,000 00 
28,812 50 
28,093 75 



Market Value. 

$11,600 00 
39,900 00 
56,000 00 
26,625 00 
27,600 00 
23,200 00 
80,250 00 
5,400 00 
28,000 00 
25,250 00 
27,500 00 
6,120 00 
25,750 00 
52,250 00 
47,500 00 
59,000 00 
48,300 00 

187,200 00 
72,000 00 
55,660 00 
28,500 00 
27,200 00 
27,500 00 
57,250 00 
69,000 00 
23,000 00 
34,800 00 
34,800 00 
29,250 00 
96,000 00 
66,500 00 

165,000 00 
28,750 00 
28,093 75 



370 



PIICEXIX IN- 1 RANGE CO. 



St. Paul & Northern Pacific bonds, . 

Southern R'y Co. St. Louis Division bonds, 

Terre Haute & Peoria bonds, . 

Terminal R.R. Association of St. Louis bonds 

Virginia Midland bonds, .... 

300 shares jJEtna National Bank, Hart., 

1,000 " American National Bank, Hart., 

100 " Atlantic Trust Co., N. Y., . 

75 " Central Trust Co., N. Y., . 

162 " Charter Oak National Bank, Hart. 

160 " City Bank, Hartford, . 

100 " Connecticut River Bank, Hart., 

300 " Farm. & Mech. NatU Bank, Hart. 

400 " Franklin Trust Co., N. Y., . 

1,030 " Hartford National Bank, Hart., 

400 " Hartford Trust Co., Hartford, 

67 " Home National Bank, Meriden, 

204 " Imperial Bank, Toronto, Ont, 

108 " Mer. Exchange Nat'l Bank, N. Y. 

800 " Mer.N'l B'k (in liquidate), Hart. 

340 M National Exchange Bank, Hart., 

125 " Nat'l German Am. Bank, St. Paul 

200 " New Britain Nat'l B'k, New Brit. 

770 " Phoenix National Bank, Hart., 

200 " State Bank, Hartford, . 

50 " Security Co., Hartford, 

440 " Waterbury Nat'l B*k, Waterbury 

500 " Bald Eagle Valley R R. Co., 

300 " Beech Creek R.R., 

300 " C, C, Chic. & St. Lo. R.R. Co., 

330 " Chic, Mil. & St. Paul R.R. Co., 

500 " Cleveland & Pittsburgh R.R. Co 

500 " Fort Wayne & Jackson R.R. Co 

200 " Georgia R.R. & Banking Co., 

120 " Hartford & Conn. West. R.R. Co 

1,584 " Illinois Central R.R. Co., . 

1,000 " Morris & Essex R.R. Co., . 

1,500 " N. Y., N. H. & Hart. R.R. Co., 

250 " New York & Harlem R.R. Co , 

690 " N. Y. Cent. & Hud. River R.R. Co 

500 " Peoria & Bureau Valley R.R. Co 

500 " Pitts., McKeesport & Y. R.R. Co. 

250 " Rensselaer & Saratoga R.R. Co., 

500 " Sharon R R of Pennsylvania, 

150 " Empire & Bay State Tel. Co., 

1,300 " Holyoke Water Power Co., . 

1,500 " Northwestern Telegraph Co., 

100 " West End St. R'y Co., Boston, 



Book Value. 

$ 32,100 00 
49,906 25 
25,375 00 
23,550 00 
53,498 75 
32,900 00 
59,955 00 
17,500 00 

8,060 00 
21,020 00 
16,000 00 

6,200 00 

34,020 00 

59,437 50 

105,486 00 

40,600 00 

8,658 42 
29,256 43 

7,500 00 
16,396 00 
22,230 00 
31,494 84 
21,040 00 
103,800 00 
20,864 00 

8,750 00 
29,580 00 
48,875 00 
14,400 00 
29,137 50 
46,262 50 
20,200 00 
49,150 00 
32,069 00 
19,653 33 
180,141 20 
69,931 25 
166,460 50 
24,640 00 
87,964 50 
72,625 00 
29,400 00 
14,781 25 
25,750 00 
11,325 00 
168,750 26 
73,575 00 
853 44 



Market Value. 
$32,250 00 

50,000 00 
20,000 00 
23,800 00 
54,280 
60,000 00 
75,000 00 
36,000 00 

145,500 00 

17,820 00 

16,000 00 

5,500 00 

36,900 00 

140,000 00 

146,260 00 

74,000 00 

8,375 00 

48,552 00 

8,910 00 

750 00 

21,250 00 

16,000 00 

32,000 00 

96,250 00 

27,000 00 

6,750 00 

36,300 00 

51,250 00 

16,200 00 

36,600 00 

64,005 00 

48,000 00 

75,000 00 

51,400 00 

4,800 00 

230,472 00 
98,000 00 

337,500 00 
51,875 00 

104,880 00 

107,500 00 
35,750 00 
53,750 00 
36,250 00 
12,750 00 

409,500 00 

93,750 00 

9,500 00 



POTOMAC INSURANCE CO. OF GEORGETOWN. 



371 



150 shares Boston Elevated R'y Co., 
50 " Hartford St. R'y Co., 
420 " New York Dock Co., 



Book Value. Market Value. 

$15,678 58 $23,062 50 

7,175 00 10,250 00 

19,740 00 21,000 00 



$3,570,576 52 $4,839,240 25 



"POTOMAC INSURANCE COMPANY OF GEORGETOWN," 
WASHINGTON, D. C. 

[Incorporated March 2, 1831. Commenced business March 2, 1831.] 
Paid-up Capital, $200,000. 
JOHN TAYLOR ARMS, President. JEFFERSON PEARCE, Secretary. 

Income. 

Net fire premiums, $237,827 17 

Interest on mortgage loans, $ 15,176 . 18 ; collaterals, $3,176 . 89 ; 

stocks and bonds, $5,846.17, 24,199 24 

Rents, 1,291 10 

Profit on sale or maturity of ledger assets, .... 24,549 42 

From all other sources, 2,800 00 

Total income, $290,666 93 

Ledger assets, Dec. 31, 1901, 480,286 91 

Total, $770,953 84 

Disbursements. 

Net amount paid for fire losses, $94,471 54 

Dividends to stockholders, 24,000 00 

Commissions or brokerage, 74,387 62 

Salaries, fees, etc., of officers and employees, .... 10,056 96 

Rents, 1,343 50 

Repairs and expenses on real estate, 453 46 

Real estate taxes, $80.57; other taxes and fees, $7,702.53, . 7,783 10 

All other disbursements, 12,569 56 

Total disbursements, $225,065 74 

Balance, $545,888 10 

Ledger Assets. 

Real estate, $21,127.77; mortgages,* $261,132.34, . . . $282,260 11 

Loans secured by collateral (schedule A), . . . 53,000 00 

Stocks and bonds (schedule B), 119,865 41 

Cash in banks and office, 64,275 81 

Agents 1 debits (gross), 26,439 83 

All other ledger assets, 46 94 

Total ledger assets, $545,888 10 

* Value of property, $483,200; insurance thereon, $254,050. 



372 



POTOMAC INSURANCE CO. OF GEORGETOWN. 



Xon-Ledger Assets. 
Interest due and accrued on mortgages, 
Market value of stocks and bonds over book value, 



$3,664 99 
25,968 23 



Gross assets, 8575,521 32 



Liabilities. 

Unpaid losses, including $1,000 resisted, $17,916.50 ; less re- 
insurance, f 323. 09, $ 17,593 41 

Unearned premiums on outstanding risks, .... 174,513 50 



All liabilities, except capital and surplus, . . . $192,106 91 
Surplus to policy holders, .... 8383,414.41 

Paid-up capital 200,000 00 

Surplus over capital and general liabilities, . . . . ,414 41 



Total liabilities, 



. $575,521 



Risks and Pkemii 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . .$31,488,780 00 $281,142 07 



Fire risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. 31,341,944 00 320,967 56 



.$65 .4 00 $602,109 63 

. 26,334,470 00 242,758 26 



. $36,496,254 00 $359,351 37 
. 3,301,592 00 30,941 10 



. $33,194,662 00 $328,410 27 



Miscellaneous. 

Fire losses incurred during the year, 

Dividends declared during the year (12 per cent.), 

Company's stock owned by directors, 



$87,320 00 
24,000 00 
48,250 00 



1,500 shares Green Cons. Copper Co., 

200 " Capital Traction Ry, . 
Lehigh Valley R'y bonds, . 
Southern Ry bonds, .... 
Evansville & Terra Haute R'y bonds, 
500 shares Green Consol. Copper Co., 



Schedule A. 
Securities held as Collateral. 

Market Value. Loaned Thereon. 

$30,000 00 $15,000 00 
25,000 00 23,000 00 

1 



J. 25,000 00 15,000 00 

J 



$80,000 CO $53,000 00 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



373 



Schedule B. 

Stocks and Bonds owned by the 



Metropolitan Street R'y bonds, 

Chesapeake & Potomac Tele. Co. bonds, 

Washington Market Co. bonds, 

United States Elec. Lighting Co. bonds, 

Southern R'y bonds, .... 

Seaboard Air Line bonds, . 

Washington Gas Light Co. of Wash., D. 

Pennsylvania R'y bonds, . 

Union Pacific bonds, .... 

Columbia (Street) R'y bonds, . 

110 shares Far. & M. N'l B'k of Wash., D. C, 
50 " Union Trust & Storage Co., 
53 " Georgetown Gas Light Co., 

100 " Atchison, Topeka & Santa Fe R'y, 
35 " Washington Safe Dep. Co., . 



Company. 

Book Value. 

$11,040 41 

30,000 00 
3,000 00 
9,500 00 
5,000 00 

15,000 00 
1,500 00 
7,000 00 
5,000 00 
2,000 00 

11,000 00 
5,000 00 
1,325 00 

10,000 00 
3,500 00 



Market Value. 

$11,793 64 

31,200 00 
3,255 00 

10,165 00 
5,975 00 

12,600 00 
1,680 00 
7,420 00 
5,300 00 
2,120 00 

33,000 00 
5,350 00 
3,975 00 

10,075 00 
1,925 00 



$119,865 41 $145,833 64 



"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE R, I. 

[Incorporated 1800. Commenced business 1800.] 
EDWARD L. WATSON, President. BENJAMIN M. MacDOUGALL, Secretary. 



Income. 

Net premiums, $74,980.97 ; extra premiums, f 311. 53, 
Interest on mortgage loans, $3,713.55 
$15,018.67 ; all other, $931.62, . 



Total income, 



Ledger assets, Dec. 31, 1901, 



Total, 



stocks and bonds 



Disbursements 
Net amount paid for losses, 
Profits on terminated policies, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 



Total disbursements, 
Balance, 



* $75,292 50 

19,663 84 

$94,956 34 

450,165 30 

$545,121 64 

$27,472 56 

20,732 57 

8,087 99 

9,415 00 

1,436 00 

1,928 32 

312 91 

2,743 73 

$72,129 08 

$472,992 56 



* Including $925.80 collected of previous years' premiums. 



374 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



Ledger Assets 
Mortgages,* .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents 1 debits (gross), 

Total ledger assets, . 



f61,950 00 

357,354 15 

48,254 71 

13 70 

$472,992 56 



Non-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $2,727 ; other as> 15, . 

Market value of stocks and bonds over book value, 



2,922 00 
57,825 85 



Gross assets, $533,740 41 



Assets not admitted. 



Agents 1 debits over three months due, 
Total admitted assets, 



49 69 



$538,690 72 



Liabilities. 

Unpaid losses, -,600 00 

Unearned premiums on outstanding risks, .... 150,973 05 

Dividends due policy holders, 2,366 24 

Salaries and other miscellaneous expenses, due or accrued, . 1,297 40 

Commissions and other charges due agents and brokers, . 747 21 

All liabilities, except surplus, $157,983 90 

Surplus, 375,706 82 

Total liabilities $533,69- 71 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, £26,670,114 00 f 284,121 54 $284,121 54 

Risks written during 1902, . 7,646,123 00 79,915 84 79,915 84 



Total, .... 34,316,237 00 $364,037 38 8364,037 38 

Risks expired and terminated, . 6,597,928 00 68,898 51 68,898 51 



In force at end of year, . . $27,718,309 00 $295,138 87 8295,138 87 
Amount reinsured, . . . 144,453 00 1,795 48 1,795 48 



Net amount in force, . . $ 27,573,856 00 $293,343 39 $293,343 39 

Miscellaneous. 

Losses incurred during the year, $29,785 00 

Profits or surplus returned during 1902, 20, 30, 40, 50 and 65 
per cent. 



* Value of land, $41,675; buildings, $79,000; insurance thereon, $64,900. 



PROVIDENCE WASHINGTON INSURANCE CO. 



375 



Schedule A. 

Stocks and Bonds owned by the 



City of Providence bonds, 

The Metropolitan Water Co. bonds, 

N. Y., N. H. & Hartford R.R. Co. bonds, . 

State of Rhode Island bonds, . 

200 shares Southern R.R. Co., . 



158 

156 

300 

115 

100 

100 

100 

100 

100 

100 

100 

100 

100 

200 

200 

200 

200 

100 

51 

50 

40 

150 

20 

50 



Illinois Central R.R. Co., 

N. Y., N. H. & Hartford R.R. Co., 

Pennsylvania R.R. Co., . 

N. Y. Cent. & Hudson R. R.R. Co. 

Old Colony R R. Co., 

Chicago, Mil. & St. Paul R.R. Co., 

Fitchburg R.R. Co., 

Ft. Wayne & Jackson R.R. Co., 

Detroit, Hillsd. & W. R.R. Co., 

Chicago Gt. Western R.R Co., 

Rome, Watert. & Ogdens. R.R. Co. 

Upper Coos R.R. Co., 

Mahoning Coal R.R. Co., 

Del., Lack. & Western R.R. Co., 

Pitts., Besse. & L E. R.R , 

Morris & Essex R.R. Co., 

Cleveland & Pittsburg R.R. Co., 

Oswego & Syracuse R.R. Co., 

Providence & Worcester R.R. Co., 

Connecticut River R.R. Co., . 

Boston & Providence R.R. Co., 

Blackstone Canal Nat'l Bank, 

National Bank of Commerce, . 

Rhode Island Investment Co., 



Company. 

Book Value. 

$14,067 35 

5,970 00 

6,200 00 

11,225 00 

13,700 00 

16,512 50 

22,170 00 

19,420 00 

12,266 30 

19,500 00 

11,675 00 

10,475 00 

14,118 00 

10,900 00 

9,300 00 

13,825 00 

14,900 00 

12,075 00 

17,262 50 

7,000 00 

19,675 00 

19,450 00 

10,250 00 

12,558 75 

12,500 00 

10,400 00 

3,868 75 

1,090 00 

5,000 00 



Market Value. 

$ 14,000 00 

4,200 00 

13,020 00 

10,000 00 

18,000 00 

22,120 00 

33,540 00 

22,500 00 

17,250 00 

20,500 00 

18,500 00 

14,000 00 

14,500 00 

10,500 00 

9,000 00 

14,000 00 

15,000 00 

11,000 00 

25,500 00 

7,000 00 

19,500 00 

19,000 00 

11,500 00 

14,800 00 

14,000 00 

12,000 00 

3,750 00 

1,000 00 

5,500 00 



$357,354 15 $415,180 00 



"PROVIDENCE WASHINGTON INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $500,000. 

J. H. DeWOLF, President. SAMUEL G. HOWE, Secretary. 

Income. 

Net fire premiums, $1,635,831.37 ; marine, $528,081.82, * $2,163,913 19 
Interest on stocks and bonds, 60,368 99 



Total income, $2,224,282 18 

Ledger assets, Dec. 31, 1901 1,358,088 23 



Total, $3,582,370 41 



* Including $318,046.52 collected of previous years' premiums. 



376 



PROVIDENCE WASHINGTON QTCUBANCE CO. 



Disbursements. 

Net amount paid for fire losses, $815,918.21; marine, 

$281,143.47 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 



Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents 1 debits (gross), 
Bills receivable, 



Total ledger assets, 



$1,097,061 08 

50,000 00 

354,389 03 

101,974 56 

0,481 49 

48,140 13 

49,348 03 

77,363 93 

$1,784,765 45 

$1,797,604 96 



$1,287,500 00 

178,492 03 

292,430 82 

39,182 11 

$1,797,604 96 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 
All other, 



9,936 76 

602,360 00 

358 92 



Gross assets,* $2,410,260 64 



Assets not admitted. 

Agents 1 debits over three months due, 
Bills receivable, past due, .... 
Total unadmitted assets 

Total admitted assets, .... 



$1,903 45 
1,641 00 



3,544 45 



. $2,406,716 19 



Liabilities. 

Unpaid losses, including $ 12,568 . 19 resisted, §364,481 . 20 ; less 

reinsurance, $111,502.23, 

Unearned premiums on outstanding risks, $1,213,051.48 ; plus 

same on disallowed reinsurance, 822,371.46, 
Salaries and other miscellaneous expenses, due or accrued. 
Commissions and other charges due agents and broker.-, 
Due for reinsurance, 



All liabilities, except capital and surplus, 



8252,978 97 

1,235,422 94 

5,573 85 

39,017 92 

2,654 86 

$1,535,648 54 



Including $100,000 special reserve held under Rhode Island laws. 



PROVIDENCE WASHINGTON INSURANCE CO. 



377 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$871,067 65 



$500,000 00 
371,067 65 



Total liabilities, ..'....... $2,406,716 19 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total,. 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, . 



$201,021,140 00 
. 191,519,336 00 

$392,540,476 00 
. 169,657,012 00 

$222,883,464 00 
. 44,413,396 00 



Premiums. 

$2,143,196 82 
2,105,525 41 

$4,248,722 23 
1,737,838 43 

$2,510,883 80 
470,691 64 



$178,470,068 00 $2,040,192 16 



. $8,871,823 00 

. 135,470,938 00 

$144,342,761 00 

. 136,606,746 00 

. $7,736,015 00 

882,052 00 



$314,284 82 
640,978 21 

$955,263 03 
648,225 45 

$307,037 58 
46,395 27 



1,853,963 00 $260,642 31 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . . . 



$40,460,569 00 

24,007,682 00 

786,972 00 

270,575 00 

2,405,563 00 

50,000 00 

30,150 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States government bonds, . . . $40,000 00 $43,600 00 

Commonwealth of Massachusetts bonds, . . 88,000 00 95,770 00 

City of Pawtucket bonds, 25,000 00 27,250 00 

City of Fort Wayne refunding bonds, . . 25,000 00 25,250 00 

City of Indianapolis bonds, .... 45,000 00 47,000 00 

Boston & Providence R.R. Co. bonds, . . 100,000 00 109,000 00 

Boston & Maine R.R. Co. bonds, . . . 25,000 00 31,250 00 

Boston & Lowell R.R. Co. bonds, . . . 10,000 00 10,600 00 

Lehigh Valley R.R. Co. bonds, . . . 25,000 00 27,250 00 

N. Y., N. H. & Hartford R.R. Co. bonds, . . 60,000 00 132,000 00 



378 



QUEEN INSURANCE CO. OF AMERICA. 



Old Colony R.R. Co. bonds, . 
The Pennsylvania R.R. Co. bonds, . 
Buffalo Traction Co. bonds, 
Cleveland Electric R'y Co. bonds, . 
Columbus & Ninth Ave. R.R. Co. bonds, 
Columbus St. R'y Co. bonds, . 
United Traction & Electric Co. bonds, 
West End St. R'y Co. bonds, . 

15 shares Central Trust Co., N. Y., 



300 
300 
200 

1,100 
500 
400 
600 
265 
200 

1,100 
300 
200 
150 
600 
300 
200 
100 

1,500 



Fourth National Bank, N. Y 
Nat'l Bank of Commerce, N. Y., 
National Park Bank, N. Y., 
Blackstone Canal N'l B'k, Prov., 
Merchants 1 National Bank, Prov. 
Chicago & Northwestern R'y Co. 
Northern Securities Co., 
N. Y. Cent. & Hud. River R.R. Co. 
Old Colony R.R. Co., . 
Pennsylvania R.R. Co., 
Pitts , Ft. Wayne & Chic. R.R. Co. 
CI., Cin., Chic. & St. Lo. R.R. Co. 
Rome, Watert'n & Og. R.R. Co., 
Providence Gas Co., 
Providence Telephone Co., . 
Temple Iron Co., . 
General Electric Co., . 
What Cheer Corporation, 



Book Value. 

$25,000 00 
14,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 
30,000 00 
1,500 00 
30,000 00 
30,000 00 
20,000 00 
27,500 00 
25,000 00 
40,000 00 
60,000 00 
26,500 00 
20,000 00 
55,000 00 
30,000 00 
20,000 00 
15,000 00 
30,000 00 
15,000 00 
20,000 00 
10,000 00 

200,000 00 



Market Value. 

127,500 00 

14,700 00 
21,600 00 
10,600 00 
12,100 00 
11,000 00 
56,500 00 
31,100 00 
28,875 00 
69,000 00 
94,500 00 

126,000 00 
30,800 00 
36,500 00 
96,000 00 
66,000 00 
40,015 00 
41,200 00 
85,800 00 
57,300 00 
24,000 00 
20,700 00 
66,000 00 
34,200 00 
20,600 00 
18,300 00 

200,000 00 



$1,287,500 00 fl,889,860 00 



"QUEEN INSURANCE COMPANY OF AMERICA,", 
NEW YORK, N. Y. 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 
Paid-up Capital, $500,000. 
EDWARD F. BEDDALL, President. XEVETT S. BARTOW, Secretary. 

Income. 

Net fire premiums, * §3,427,154 79 

Interest on stocks and bonds, § 154,002 . 53 ; all other, $7,026 . 27, 16 1 ,028 80 
Rents, including company's own occupancy, .... 9,105 91 

Profit on sale or maturity of ledger assets, .... 190,288 21 
From all other sources, . . . . . . . 407 . _ 

Total income, f 3,787,984 93 

Ledger assets, Dec. 31, 1901, 4,586,168 

Total, $8,374,153 68 



* Including $429,294.49 collected of previous rears' premiums. 



QUEEN INSURANCE CO. OF AMERICA. 



379 



Disbursements. 

Net amount paid for fire losses, .... 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, 

Real estate taxes, $509 . 30 ; other taxes and fees, $60,582 

Loss on sale or maturity of ledger assets, 

Return premiums and reinsurance unpaid in 1901, . 

All other disbursements, 



Total disbursements, 
Balance, 



09, 



$1,529,551 90 

100,000 00 

518,889 68 

202,447 14 

25,587 08 

2,367 70 

61,091 39 

93,269 90 

27,584 90 

148,709 79 

$2,709,499 48 

$5,664,654 20 



Ledger Assets. 

Mortgages,* 

Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, not matured, . 

Total ledger assets, . 



$60,000 00 

4,909,172 03 

166,371 19 

529,100 48 

10 50 

$5,664,654 20 



Non-Ledger Assets. 

Interest due and accrued : — 
On stocks and bonds, $63,543.42 ; other assets, $704.57, 
All other, 



Gross assets, 



64,247 99 
18,651 72 

$5,747,553 91 



Assets not admitted. 

Agents' debits over three months due, 
Special deposits, less $347,834.58 liab. thereon, 
Total unadmitted assets, . . 

Total admitted assets, .... 



$3,213 11 
44,398 13 



47,611 24 



. $5,699,942 67 



Liabilities. 
Unpaid losses, including $62,886 resisted, $437,840.42; less 

reinsurance, $187,620.10, $250,220 32 

Unearned premiums on outstanding risks, $2,181,938.56; 

plus same on disallowed reinsurance, $9,898.52, . . . 2,191,837 08 
Salaries and other miscellaneous expenses, due or accrued, . 51,081 27 
Commissions and other charges due agents and brokers, . 124,746 26 



* Value of land, $150,000; buildings, $15,000; insurance thereon, $15,000. 



380 



QUEEN INSURANCE CO. OF AMERICA. 






Due for return premiums, $78,739.69 ; reinsurance, 821,654, . $100,393 09 
Miscellaneous, 407 22 



All liabilities, except capital and surplus, . . . 12,718,685 84 
Surplus to policy holders, .... $2,981,256 83 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 2,481,25683 

Total liabilities f5,699,942 67 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

§354,854,200 00 $3,889,427 17 
. 304,459,573 00 3,787,560 77 



$659,313,773 00 $7,676,987 94 
.272,734,412 00 3,191,527 36 



$386,579,361 00 $4,485,460 58 
. 31,058,840 00 342,918 51 



6355,520,521 00 $4,142,54- 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire and tornado losses incurred during the year, . 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, 

Schedule A. 
Stocks and Bonds owned by the Company. 



$25,406,174 00 

12,151,985 00 

1,551,053 00 

700,000 00 

100,000 00 

6,000 00 



United States government bonds, 

New York State Canal Improvement bonds, 

State of Georgia bonds, 

New Zealand stock, .... 

Quebec inscribed stock, . 

Manitoba debentures, 

New York city consolidated gold bonds, 

City of Brooklyn bonds, . 

Portland, Ore., Water Loan bonds, . 

City of Richmond, Va., bonds, . 

City of Toronto bonds, 

Montreal, Canada, bonds, . 

Halifax, N. S , stock, 

Atchison, Topeka & Santa Fe R'y bonds, 

Baltimore & Ohio R.R.' Co. bonds, . 

Canadian Northern R'y bonds,. 

Chicago, Rock Island & Pacific R.R. bonds, 



Book Value. 

$98,274 66 
50,000 00 
10,000 00 
49,000 00 
24,500 00 
29,400 00 
1,012,000 00 
525,000 00 
57,171 33 
25,000 00 
48,428 06 
34,066 66 
66,000 00 
12,000 00 
47,997 70 
48,666 66 
55,000 00 



Market Value. 

$98,274 66 
50,000 00 
10,000 00 
49,000 00 
24,500 00 
29,400 00 
1,012,000 00 
525,000 00 
57,171 33 
25,000 00 
48,428 06 
34,066 66 
66,000 00 
12,000 00 
47,997 70 
48,666 66 
55,000 00 



QUE EX INSURANCE CO. OF AMERICA. 



381 



Chicago, Milwaukee & St. Paul R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

Chic, St. Paul, Minn. & Omaha R.R. bonds, 

Chicago & Alton R.R Co. bonds, 

Fremont, Elkhorn & Mo. R.R. bonds, 

Lake Shore & Michigan Southern R.R. bonds 

Morris & Essex R.R. bonds, 

Metropolitan Street R'y bonds, 

N. Y., Lackawanna & Western R.R. bonds, 

Northern Pacific R.R. bonds, . 

Ottumwa, Cedar Falls & St. Paul R.R. bonds, 

Pennsylvania Co. R R. bonds, . 

Pennsylvania Co. bonds, . . • . 

Panama R.R. bonds, 

Third Avenue R.R. bonds, 

Union Pacific R.R bonds, .... 

West Shore R.R. bonds, .... 
300 shares Atlanta & Char. Air Line R'y Co. 
364 " Allegheny & Western R.R. Co., 
160 " Albany & Susquehanna R.R. Co. 

2,006 " Beech Creek R'y Co., . 

10 " Boston & N. Y. Air Line R.R. Co. 

1,000 " Cleveland & Pitts. R.R. Co., 
369 " Ft. Wayne & Jackson R.R. Co., 

1,000 " Illinois Central R.R. Co., . 
290 " Jack , Laos. & Sag. R.R. Co 

1,400 " Morris & Essex R.R. Co., 
5 " Naugatuck R.R. Co., . 
600 " N. Y. & Harlem R.R. Co., 
300 " North Carolina R.R. Co., 
517 " N. Y., Lack. & Western R R. Co., 
600 " Pitts., Ft. Wayne & Ch. R.R. Co., 
620 " Pitts., McKees. & Yo. R.R. Co., 
550 " Rensselaer & Saratoga R.R. Co., 

1,000 " Rome, Wat. & Ogd. R.R. Co., 
380 " St. Louis Bridge Co., . 

1,000 " Syra., Gen. & Corning R.R. Co., 
443 " United X. J. R.R. & Canal Co., 
750 " Warren R.R. Co., . 
350 " Buff., Roch & Pitts. R'y Co., 
260 " Chic, Mil. & St. Paul R.R. Co., 
350 " Chic. & Eastern 111. R.R. Co., 
175 " Chic. & Northwestern R.R. Co., 
124 " Ch., St. P., Minn. & Om. R.R. Co., 
400 " Farmers' Loan & Trust Co., 
10 " Underwriters 1 Salvage Co., N. Y., 



Book Value. 

$89,900 00 
45,000 00 
25,000 00 
3,898 00 
10,000 00 
47,000 00 

131,418 25 
15,000 00 

217,707 77 
90,158 24 
6,000 00 
75,000 00 
24,362 50 
17,000 00 
10,000 00 
50,000 00 
50,000 00 
51,000 00 
54,536 00 
39,600 00 

110,071 95 

1,090 00 

96,000 00 

54,588 00 

104,750 00 
27,295 00 

100,150 10 
1,319 86 

104,428 98 
51,600 00 
56,983 33 

101,313 30 
31,000 00 
99,887 50 

113,085 00 
53,109 00 
99,750 00 
99,744 18 
73,515 50 
49,111 67 
48,629 78 
48,878 77 
41,500 28 
23,684 00 
71,600 00 
1,000 00 



Market Value. 

$89,900 00 
45,000 00 
25,000 00 
3,898 00 
10,000 00 
47,000 00 

131,418 25 
15,000 00 

217,707 77 
90,158 24 
6,000 00 
75,000 00 
24,362 50 
17,000 00 
10,000 00 
50,000 00 
50,000 00 
51,000 00 
54,536 00 
39,600 00 

110,071 95 

1,090 00 

96,000 00 

54,588 00 

104,750 00 
27,295 00 

100,150 10 
1,319 86 

104,428 98 
51,600 00 
56,983 33 

101,313 30 
31,000 00 
99,887 50 

113,085 00 
53,109 00 
99,750 00 
99,744 18 
73,515 50 
49,111 67 
48,629 78 
48,878 77 
41,500 28 
23,684 00 
71,600 00 
1,000 00 



$4,909,172 03 $4,909,172 03 



382 THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 

Paid-up Capital, $300,000. 

WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary. 

Income. 

Net fire premiums, * $523,732 05 

Deposit premiums on perpetual risks, 6,828 48 

Interest on mortgage loans, $8,572.94; stocks and bonds, 

$25,686.07 34,259 01 

Rents, including company's own occupancy, .... 4,549 76 

Profit on sale or maturity of ledger assets, .... 6,260 00 

From all other sources, 337 40 

Total income, £575,966 65 

Ledger assets, Dec. 31, 1901, 949,162 15 

Total, fl,525,128 80 

Disbursements. 

Net amount paid for fire losses, 6239,844 86 

Deposit premiums returned, 8,759 62 

Dividends to stockholders, 21,000 00 

Commissions or brokerage, 125,308 04 

Salaries, fees, etc., of officers and employees, .... 26,391 02 

Rents, including company's own occupancy, .... 1,000 00 

Repairs and expenses on real estate 1,745 95 

Real estate taxes, § 1,572.50; other taxes and fees, $12,398.47, 13,970 97 

Premiums on bonds, 1,125 00 

All other disbursements, 37,695 07 

Total disbursements, $476,840 53 

Balance, $1,048,288 27 

Ledger Assets. 

Real estate, $113,860.65; mortgages, f $181,160, . . . ? 295,020 65 

Stocks and bonds (schedule A), 598,228 00 

Cash in banks and office, 61,235 76 

Agents 1 debits (gross), 93,803 86 

Total ledger assets £1,048,288 27 

* Including $29,684 collected of previous years' premiums. 

t Value of land, $167,300; buildings, $234,700; insurance thereon, $143,350. 






THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



383 



Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 

All other, 



Gross assets, 



$2,424 21 

388 18 

39,132 00 

897 00 

$1,091,129 66 



Assets not admitted. 

Company's stock owned, $1,920 00 

Agents' debits over three months due, . . 1,177 25 

Depreciation in book value of real estate, . 2,360 65 

Total unadmitted assets, .... 



Total admitted assets, 



5,457 90 



$1,085,671 76 



Liabilities. 

Unpaid losses, including $1,925 resisted, $52,234.01; less 
reinsurance, $8,347.08, 

Unearned premiums on outstanding risks, $394,902.90; plus 
same on disallowed reinsurance, $3,446.57, 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$497,804 14 



$43,886 93 

398,349 47 

134,144 41 

11,486 81 

$587,867 62 

300,000 00 
197,804 14 



Total liabilities, $1,085,671 76 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . . $64,158,648 00 $709,416 40 
Fire risks written during 1902, . . . 54,219,784 00 639,993 37 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 



$118,378,432 00 $1,349,409 77 
. 46,281,160 00 513,137 82 



. $72,097,272 00 $836,271 95 
. 6,510,687 00 77,057 23 



Net amount in force, $65,586,585 00 $759,214 72 

Perpetual risks in force (not included above), $5,309,264 00 $147,281 86 



384 THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), . 
Company's stock owned by directors, . 



$6,216,835 00 

3,862,587 00 

234,358 00 

971,597 00 

21,000 

45,900 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

City of Pittsburgh, Pa., bonds, . . . . f 18,000 00 ? 19,800 00 

City of Quincy, 111., bonds, .... 15,000 00 15,750 00 

City of Wilmington, Del., bonds, . . . 20,000 00 22,000 00 

City of Chester, Pa., bonds 5,000 00 5,400 00 

South Bethlehem, Pa., bonds, .... 4,00000 -000 

Atlantic City, N. J , bonds 5,000 00 5,150 00 

New Castle County, Del., bonds, . . . 5,000 00 5,250 00 

United Company of New Jersey bonds, . . 5,000 00 50 00 

Lehigh Valley R.R. Co. bonds, . . . 25,000 00 25,750 00 

Easton & Amboy R.R. Co. bonds, . . . 20,000 00 23,200 00 

North Pennsylvania R.R. Co. bonds, . . 5,000 00 5,800 00 

Louisville & Nashville R.R. Co. bonds, . . 7,000 00 8,120 00 

Northern Central R.R. Co. bonds, . . . 5,000 00 5,250 00 

Philadelphia & Erie R.R. Co. bonds, . . 25,0C0 00 30,000 00 

Philadelphia & Baltimore Cent. R.R Co. bonds, 10,000 00 10,600 00 

Pennsylvania R.R. Co. bonds, .... 4,000 00 4,800 00 

Steubenville & Indiana R R. Co. bonds, . . 20,000 00 22,400 00 

Camden & Atlantic R.R. Co. bonds, . . . 30,000 00 32,100 00 

Pennsylvania ft X. Y. Canal Co. bonds, . . 10,000 00 11,400 00 

Allentown Terminal R R. Co. bonds, . . 15,000 00 15,450 00 

Philadelphia & Reading R.R. Co. bonds, . . 14,000 00 15,680 00 

Delaware River Ferry Co. bonds, . . . 8,000 00 8,400 00 

Philadelphia Traction Co. bonds, . . . 5,000 00 5,250 00 

People's Passenger R\ Co. bonds, . . . 10,000 00 10,500 00 

Pennsylvania & N. Y. Canal Co. bonds, . . 20,000 00 20,200 00 

Second Ave. Traction Co., Pitts., Pa , bonds, . 15,000 00 17,850 00 

Hunt. & Broad Top Mt R.R. & Coal Co. b'ds, 10,000 00 11,100 00 

Omaha Water Co., Omaha, Neb., bonds, . . 10,000 00 9,500 00 

United Traction Co. of Pittsburg bonds, . . 10,000 00 11,700 00 

Philadelphia & Erie R.R. Co. bonds, . . 5,000 00 5,350 00 

West Jersey & Seashore R.R. Co. bonds, . 5,000 00 5,600 00 

Susquehanna Coal Co. bonds, .... 5,000 00 5,750 00 

100 shares Commercial Nafl Bank, Phila., . - 1,200 00 300 00 

32 " Reliance Insurance Co., Phila., . 1,600 00 1,920 00 

Western Pennsylvania R R. Co. bonds, . . 10,000 00 11,000 00 

Allegheny Valley R'y Co. bonds, . . . 10,000 00 10,700 00 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



385 



Erie & Pittsburg R.R. Co. bonds, 

Allegheny Valley R'y Co. bonds, 

Lehigh Valley R R. Co. bonds, . 

Pitts., Cin., Chicago & St. Lo. R'y Co. bonds, 

34 shares Omaha Water Co., . 

Louisville & Nashville R.R. Co. bonds, . 

Penn. R.R. Co. Equip. Trust loan, . 

Elec. & People's Trac. Stock Trust certificates 

Western N. Y. & Penn. R.R. Co. bonds, . 

West Chester (N. Y.) Lighting Co. bonds, 

N. Y., Philadelphia & Norfolk R.R. Co. bonds 

Reading Co. Jersey Central bonds, . 

Erie R.R. Co. bonds, 

Read. Co. & Phila. & Read. C'l & I. Co. bonds 
Pennsylvania Co. bonds, .... 
Northern Pacific R'y Co. bonds, 
Northern Pacific-Great Northern Joint bond, 
Pennsylvania Steel Car Trust, . 



Book Value. 

$10,000 00 

10,000 00 

5,000 00 

36,000 00 

1,700 00 

8,000 00 

10,000 00 

9,875 00 

5,000 00 

10,000 00 

5,000 00 

9,500 00 

14,932 00 

14,356 25 

19,500 00 

7,512 50 

19,221 25 

9,831 00 



Market Value. 

$10,200 00 
12,100 00 

5,900 00 

34,560 00 

850 00 

8,000 00 
10,300 00 

9,900 00 

6,000 00 
10,500 00 

5,100 00 

9,300 00 
15,000 00 
14,700 00 
19,600 00 

7,300 00 
19,200 00 
10,000 00 



$598,228 00 $637,360 00 



" RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1848. Commenced business 1848.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 

INCOME. 

Net premiums, * $474,615 25 

Interest on stocks and bonds, $ 21,817.25 ; all other, $1,988.31, 23,805 56 

Profit on sale or maturity of ledger assets, .... 20,574 98 

From all other sources, 12 00 

Total income, $519,007 79 

Ledger assets, Dec. 31, 1901, 492,707 91 

Total, $1,011,715 70 

Disbursements. 

Net amount paid for losses, $35,396 92 

Profits on terminated policies, 378,315 25 

Salaries, fees, etc., of officers and employees, . . . . 11,344 21 

Rents, 856 42 

Taxes and fees, 8,806 41 

Inspections, 7,553 09 

All other disbursements, 1,864 44 

Total disbursements, $444,136 74 

Balance, $567,578 96 

* Including $6,5()*>.98 collected of previous years' premiums. 



386 



RHODE ISLAM) MUTUAL FIRE IN81 RANCE I 



Ledgeb Assets. 

Stoek> and bonds (schedule A), 

Cash in banks, 

Agents 1 debits (gross), 



Total ledger assets, 



Non-Ledgek Assets. 
Interest accrued : — 

On stocks and bonds, $5,451.88; other assets, $12^.85, . 

Market value of stocks and bonds over book value, 



Gross assets, 



7,537 4<J 
32,417 

7,623 71 

8567,578 96 



5,580 73 
162,293 85 

1735,453 54 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, . ... 
Miscellaneous, .... 

All liabilities, except surplus, 
Surplus, 



Total liabilities, 



3659 36 

231,960 63 

6,717 12 

12 00 

£239,349 11 
496,104 43 

8735,453 54 



Risks and Premiums. 

Amount. Cash Prem'9. Contlngt Prem's. 

Risks outstanding Dec. 31, 1901, $52,451,857 00 $408,092 74 $2,040,463 70 
Risks written during 1902, . 62,315,641 00 483,785 65 2,418,928 25 



Total, .... $114,767,498 00 $891,878 39 £4,459,391 95 
Risks expired and terminated, . 56,454,620 00 427,957 14 2,139,785 70 



In force at end of year, 



. $58,312,878 00 $463,921 25 $2,319,606 25 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1902, 91 .2 per cent. 



833,916 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, -525,000 00 834,000 00 

N. Y., N. H. ft Hartford R.R. bonds, . . 10,000 00 22,025 00 

Pennsylvania R R. bonds, 15,000 00 15,918 75 

250 shares Providence & Worcester R.R., . 56,000 00 75,000 00 

300 " Illinois Central R.R., . . . 32,525 28 43,987 50 

200 " Rome, Watertown & Og. R.R., . 20,650 00 27,600 00 



ROCHESTER GERMAN INSURANCE CO. 



387 



1,200 shares Pennsylvania R.R., 

350 " N. Y., N. H. & Hartford R.R., 

220 " Chic, Burl. & Quincy R.R., . 

100 " N. Y., Lack. & Western R.R., 

150 " Pitts., Ft. W. & Chic. R.R., . 

200 " Chic, Mil. & St. Paul R.R., . 

200 " Chicago & Northwestern R.R., 

100 " CI., Cin.,Chic & St. Louis R.R., 

115 " N. Y. Cent. & Hudson R. R.R., 

100 " Natl Bank of Commerce, Prov., 

200 " Natl B'k of No. America, Prov., 

140 " American National Bank, Prov., 

200 " Merchants' National Bank, Prov, 

300 " Union Pacific R.R., 

300 " Northern Securities Co., 



Book Value. 

$74,229 67 

67,862 50 

16,000 00 

12,200 00 

25,359 00 

36,425 00 

31,925 00 

10,162 50 

14,962 50 

5,000 00 

7,600 00 

5,400 00 

10,000 00 

26,264 07 

24,971 88 



Market Value. 

f93,450 00 
78,050 00 
44,000 00 
13,800 00 
28,800 00 
38,400 00 
43,850 00 
12,000 00 
17,365 00 

5,500 00 
11,400 00 

7,560 00 
15,400 00 
27,900 00 
33,825 00 



$527,537 40 $689,831 25 



" ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

FREDERICK COOK, President. H. F. ATWOOD, Secretary. 

Income. 

Net fire premiums, * $1,003,961 67 

Interest on mortgage loans, $17,654.31; stocks and bonds, 
$22,707; all other, $3,885.27, 

Rents, 

Profit on sale or maturity of ledger 



assets, 



From all other sources, 



Total income, 
Ledger assets, Dec 31, 1901, 



Total, 



Disbursements. 

Net amount paid for fire losses, 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Repairs and expenses on real estate, 

Real estate taxes, $ 3,278.61 ; other taxes and fees, $18,835.30 

Loss on sale or maturity of ledger assets, 

All other disbursements, 



Total disbursements, 
Balance, 



44,246 58 

10,093 98 

2,572 56 

7,000 00 

$1,067,874 79 

1,125,327 52 

$2,193,202 31 



$424,851 31 

20,000 00 

223,011 23 

32,141 98 

8,639 35 

22,113 91 

1,485 07 

51,354 43 

$783,597 28 

$1,409,605 03 



* Including $117,481.09 collected of previous years' premiums. 



388 



ROCHESTER GERMAN INSURANCE CO. 



Ledger Assets. 

Real estate, $211,498.03"; mortgages,* $370,577.71, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 



£582,075 74 
505,743 81 
168,167 76 
153.617 7-J 



Total ledger assets, $1,409,605 03 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $6,778.23 ; stocks and bonds, $4,204.18,. 
Market value of stocks and bonds over book value, 

Gross assets, 

Liabilities. 
Unpaid losses, including $15,152.48 resisted, $105,485.46 

less reinsurance, $25,327.88, 

Unearned premiums on outstanding risks, $651,903.32, plus 

same on disallowed reinsurance, $4,679.93,. 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$686,410 62 



Total liabilities, 



10 f 982 41 

41,406 19 

$1,461,993 63 



$80,157 58 

656,583 25 
38,842 18 

$776,588 01 

200,000 00 
486,410 62 



$1,461,993 63 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at*end of year, 
Amount reinsured, . 

Net amount in force, . 



. $96,025,196 00 

. 101,323,985 00 

$197,349,181 00 

. 78,724,265 00 

$118,624,916 00 

. 14,497,472 00 



Premiums. 

$1,044,995 40 
1,307,782 20 

$2,352,777 60 
927,422 26 

$1,425,355 34 
204,150 19 






$104,127,444 00 $1,221,205 15 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$10,800,402 00 

5,953,759 00 

455,446 00 

539,000 00 

25,000 00 

20,000 00 

33,725 00 



* Value of land, $355,560; buildings, $430,750; insurance thereoi . - 



SECURITY INSURANCE CO. OF NEW HAVEN. 



389 



Schedule A. 

Stocks and Bonds owned by the 

Rochester Gas & Electric Co. bonds, 
Rochester R 1 ? bonds, .... 
Georgia State bonds, .... 

Erie R.R. bonds, 

Santa Fe, Prescott & Phoenix R.R. bonds, 
Union Pacific R.R. bonds, .... 

Southern R'y bonds, 

Northern Pacific R.R. bonds, . 
Nash., Chattanooga & St. Louis R.R. bonds, 
Atch., Topeka & Santa Fe R.R. bonds, 
Rochester Telephone Co. bonds, 
Virginia State bonds, .... 
Toledo, St. Louis & Western R.R. bonds, 
German American Bank of Rochester stock, 
Title & Guarantee Co. of Rochester stock, 
Rochester Gas & Electric Co. stock, 
Stram.-Carl.*Tele. Mfg. Co. of Roch. stock, 
Eastman Kodak Co. of Rochester stock, . 



Company. 

Book Value. 

$32,325 00 

168,362 61 

12,000 00 

9,087 50 
26,427 09 
20,375 00 
21,225 00 

9,137 50 
10,275 00 

8,650 00 
24,764 86 

9,750 00 
41,000 00 
10,000 00 
10,000 00 
40,500 00 
25,505 50 
26,358 75 



Market Value. 

$31,500 00 
192,500 00 
11,400 00 
9,850 00 
28,000 00 
20,600 00 
23,600 00 
10,300 00 
11,500 00 
10,300 00 
25,000 00 
9,850 00 
38,000 00 
26,000 00 
10,000 00 
36,750 00 
26,000 00 
26,000 00 



$505,743 81 $547,150 00 



"SECURITY INSURANCE COMPANY OF NEW HAVEN," 
NEW HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $300,000. 

CHAS. S. LEETE, President. H. MASON, Secretary. 

Income. . 

Net fire premiums, $957,326.37; marine, $48,497.91, . * $1,005,824 28 
Interest on mortgage loans, $9,468.60; collaterals, $745.70 

stocks and bonds, $25,360.47, 35,574 77 

Rents, including company's own occupancy, .... 3,970 46 

Profit on sale or maturity of ledger assets, .... 634 50 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements. 

Net amount paid for fire losses, $385,891.64; marine, 

$40,591.63, 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 



$1,046,004 01 
918,541 62 

$1,964,545 63 



$426,483 27 

24,000 00 

157,051 19 

114,844 45 



* Including $110,721.57 collected of previous years' premiums. 



390 



SECURITY INSURANCE CO. OF \KU HAVEN. 



Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, 8408.11 ; other taxes and fees, 1 18,278. 82 

Loss on sale or maturity of ledger assets, 

Return premiums and reinsurance of 1901, 

Profit and loss, 

Total disbursements, 

Balance, 

Ledger Assets. 
Real estate, f 70,874. 83; mortgages,* $186,938.7-. 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, 

Total ledger assets, . 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, §2,068.71; stocks and bonds, $2,793.27 : col 

lateral loans, $393.40 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 

All other, 



IS 

18,686 93 

4 00 

21,oo4 14 

77 04 

8766,947 99 

81, 197.o97 64 



$257,813 61 

29,000 00 

636,276 34 

74,228 14 

191,517 59 

1 96 

$1,197,597 64 



Gross assets, 

Assets not admitted. 

Agents' debits over three months due, 
Bills receivable, past due, 
Depreciation in book value of real estate, 
Total unadmitted assets, . 



■) 38 
176 67 
89 
6,6' . 

§1,292,368 78 



85,068 09 

740 79 

1.774 83 



71 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $7,320 resisted, 865,520.03; less 

reinsurance, §6,675.99, 

Unearned premiums on outstanding risks, .... 
Commissions and other charges due agents and brokers, 
Due for return premiums, $27,731.11 ; reinsurance, 8974.10, 



$1,284,785 07 



-.844 04 

655.899 38 

53,446 65 

-.705 21 

$796,895 28 

300,000 00 
Total liabilities, f 1,284,785 07 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 
Paid-up capital, 



8487,889 79 



* Value of land, $219,950; buildings, 8204,300; insurance thereon, $15] 



SECURITY INSURANCE CO. OF NEAV HAVEN. 



391 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$109,735,555 00 
. 91,421,510 00 

$201,157,065 00 
. 77,427,354 00 

$123,729,711 00 
. 13,796,180 00 



Premiums. 

51,118,651 75 

1,168,334 28 

52,286,986 03 

933,040 77 

51,353,945 26 

170,547 03 



$109,933,531 00 $1,183,398 23 



$578,947 00 
4,465,438 00 

$5,044,385 00 
4,541,411 00 

$502,974 00 
88,572 00 



$27,058 91 
58,442 21 

$85,501 12 
60,951 04 

$24,550 08 
3,158 61 



$414,402 00 $21,391 47 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . ' . 
Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$13,097,520 00 
8,504,723 00 
366,181 00 
37,210 00 
556,281 00 
50,000 00 
24,000 00 
67,960 00 



Schedule A. 
Securities held as Collateral. 



International Silver Co. bonds, 
Peoria & Eastern R.R. bonds, . 
Southern N. E. Telephone Co. bonds, 
Edison Electric Illuminating Co. stock, 
General Electric Co. stock, 
Southern N. E. Telephone Co. stock, 



Market Value. Loaned Thereon. 

$15,000 00 $9,000 00 



7,500 00 



5,000 00 J 
3,710 00 J 
2,960 00 I 
5,425 00 J 



20,000 00 



$39,595 00 $29,000 00 



Schedule B. 



Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Tradesmen's Nat'l Bank (New Haven) stock, $24,265 25 $26,240 00 

Second National Bank (New Haven) stock, . 22,546 00 23,400 '00 



392 



SECURITY I.VSl RANGE CO. OF NEW HAVEN. 



Merchants' Nat'l Bank (New Haven) stock, . 
Yale National Bank (New Haven) stock, 
New Haven National Bank (New Haven) st'k, 
New Haven Co. Nat'l Bank (New Haven) st'k, 
First National Bank (New Haven) stock, 
Am. Exchange National Bank (N. Y.) stock, 
Southern New England Telephone Co. stock, 
American Telephone & Telegraph Co. stock, 
N. Y. Steam Power Co. stock, . 
Northern K.R. of New Jersey stock, 
Consolidated Gas Co. stock (N. Y.), 
Twin City Rapid Transit Co stock, . 
Norfolk & Western R.R. stock, 
Cleve., Cin., Chicago & St. Louis R'y Co. st'k 
Illinois Central R.R. stock, 
Mobile & Ohio R.R. stock trust certificates, 
Delaware & Hudson Canal Co. stock, 
Fair Haven & Westville R.R. stock, 
Minneapolis & St. Louis R.R. bonds, 
Southern R'y Co. bonds, .... 
C. C. C. & St. Louis R.R. bonds, 
Louisville & Nashville R.R. bonds, . 
Peoria & Eastern R.R. bonds, . 
Erie R.R. new consolidated bonds, . 
Northern Pacific R.R. bonds, . 
Central R.R. of Georgia bonds, 
Binghamton & Union (N. Y.) St. R'y bonds, 
United R'ys Co. of St Louis bonds, . 
New Haven St. R'y Co. bonds, . 
Meriden (Conn.) Horse R.R. Co. bonds, . 
Dan bury & Bethel (Conn.) Horse R'y Co. b'ds 
Lynn (Mass.) Belt Line St. R'y Co. bonds, 
Bridgeport (Conn.) Traction Co. bonds, . 
Milford, Holliston & Fram. St. R'y bonds, 
Third Avenue (N. Y.) R.R. bonds, . 
Southern New England Telephone Co. bonds 
Macon (Ga.) Gas Light & Water Co. bonds, 
Newark (N. J.) Consolidated Gas Co. bonds, 
N. Y. Gas, Elec. L't, H't & Power Co. bonds, 
Cleveland Electric Illuminating Co. bonds, 
N. Y. & Queens Elec. L't & Power Co. bonds 
United Illuminating Co. bonds, 
Columbus & Hocking Coal & Iron Co. bonds, 
International Silver Co. bonds, 
Swift & Co. bonds, 



Hook Value. 

$21,342 25 

24,285 50 

32,936 30 

24,889 85 

18,088 00 

11,545 77 

36,502 10 

15,862 50 

1,543 33 

19,300 00 

22,518 75 

15,800 00 

15,875 00 

9,437 50 

19,713 25 

9,175 00 

11,868 75 

6,250 00 

22,063 75 

9,275 00 

10,193 75 

9,943 75 

10,075 00 

9,950 00 

7,225 00 

9,157 50 

10,150 00 

9,250 00 

5,225 00 

12,310 00 

9,352 50 

3,665 63 

10,375 00 

5,562 50 

9,875 00 

6,185 00 

16,601 87 

10,450 00 

19,219 99 

10,900 CO 

10,150 00 

4,812 50 

10,000 00 

10,262 50 

10,300 00 



Market Value. 
|26,000 00 

26,400 00 

42,000 00 

29,186 60 

21,280 00 

27,800 00 

50,375 00 

16,200 00 

1,543 33 

20,000 00 

21,800 00 

15,700 00 

18,400 00 

12,500 00 

27,518 40 

9,175 00 

17,300 00 

14,700 00 

23,260 00 

11,900 00 

10,175 00 

10,050 00 

9,900 00 

9,900 00 

7,200 00 

3,140 00 

10,500 00 

8,500 00 

5,500 00 

13,680 00 

9,630 00 

3,675 GO 

11,400 00 

5,500 00 

9,875 00 

7,320 00 

15,140 00 

10,700 00 

19,000 00 

10,800 00 

10,600 00 

4.900 00 

10 00 

10,000 00 

10,250 00 



$636,276 34 $719,013 23 



SPRING GARDEN INSURANCE CO. 



393 



"SPRING GARDEN INSURANCE COMPANY," 
PHILADELPHIA, PA 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.] 

Paid-up Capital, $400,000. 

AUGUSTUS THOMAS, President. CLARENCE E. PORTER, Secretary. 

Income. 
Net fire premiums * $ 687,754 88 



Deposit premiums on perpetual risks, 

Interest on mortgage loans, $2,218. 64; collaterals, 

stocks and bonds, $42,201.34, 
Rents, including company's own occupancy, . 
Profit on sale or maturity of ledger assets, 
From all other sources, 



Total income, 



Ledger assets, Dec. 31, 1901, 
Total, .... 




8,611 90 

47,004 09 

13,736 24 

19,383 33 

1,590 73 

$778,081 17 
1,281,425 01 

$2,059,506 18 



Disbursements. 

Net amount paid for fire losses, . . . . 

Deposit premiums returned, 

Dividends to stockholders, 

•Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . < 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $2,892.77 ; other taxes and fees, $18,243.21 

Loss on sale or maturity of ledger assets, 

Reinsurance unpaid in 1901, 

All other disbursements, 

Total disbursements, 

Balance, 



$315,701 01 

15,497 80 

24,000 00 

112,492 09 

35,694 18 

4,000 00 

6,533 02 

21,135 98 

22,470 37 

16,122 84 

59,718 56 

$633,365 85 

$1,426,140 33 



Ledger Assets. 

Real estate, $290,847.05; mortgages,! $44,725, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 



$335,572 05 

930,288 23 

30,214 27 

130,065 78 



Total ledger assets, $1,426,140 33 



* Including $116,602.54 collected of previous years' premiums. 
f Value of property, $77,150; insurance thereon, $46,S00. 



394 



SPRING GARDEN INSURANCE CO. 



Non-Ledger Assets. 

Interest accrued on mortgages, .... 

Rents accrued on company's property, 

Market value of stocks and bonds over book value, 



Gross assets, 

Assets not admitted. 
Depreciation in book value of real estate, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $12,304.24 resisted, $64,581.55 ; less 
reinsurance, $ 18,293.87, 

Unearned premiums on outstanding risks, $473,200.85; plus 
same on disallowed reinsurance, $2,049.57, . 

Reclaimable on perpetual fire policies, 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $22,793.86 ; reinsurance, $15,707.02, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



8498,665 94 



$782 24 

135 00 

78,421 77 

$1,505,479 34 



60,847 05 
81,444,632 29 



$46,287 68 

475,250 42 

364,993 80 

533 04 

20,400 53 

38,500 88 

$945,966 35 

400,000 00 
98,665 94 



Total liabilities, $1,444,632 29 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



8122,732,043 00 

. 75,585,498 00 

8198,317,541 00 

. 90,334,679 00 

$107,982,862 00 

. 21,336,531 00 

. $86,646,331 00 



Perpetual risks in force (not included above), $17,189,355 00 

Miscellaneous. 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



Premiums. 

$U' 

891,417 19 

$2,058,245 51 
910,40- 

$1,147,838 68 
247,814 59 

$900,024 09 

8399,993 11 



$5,769,459 00 

308,741 00 

2,013,215 00 

200,000 00 

24,000 00 

77,850 00 



SPRING GARDEN INSURANCE CO. 



395 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

Allegheny Valley R.R. bonds, .... $12,916 50 $11,900 00 

Bethlehem Steel Co. bonds, .... 34,693 75 37,200 00 

Chicago & Western Indiana R.R. bonds, . . 17,456 25 17,250 00 

Choctaw, Oklahoma & Gulf R.R. Co. bonds, . 42,604 50 44,400 00 

Citizens 1 St. R'y Co. of Indianap., Ind., bonds, 26,883 00 27,250 00 

Clearfield & Jefferson R'y bonds, . . . 10,858 00 12,500 00 

Cleve., Col., Cincin. & Ind. R.R. bonds, . . 9,850 00 13,400 00 

Consolidated Traction Co. of N. J. bonds, . 21,450 00 21,400 00 

Edison Electric gold trust certificates, . . 22,297 37 28,250 00 

Electric & Peoples' Trac. gold stock tr. certs., 14,942 50 19,600 00 

International Nav. Co. of N. J. bonds, . . 50,212 50 51,510 00 

Lehigh & New England R.R. bonds, . . 20,062 50 23,750 00 

Lehigh Valley Coal Co. bonds, . . . 49,438 25 52,250 00 

Maryland Steel Co. bonds, .... 10,020 00 10,500 00 

Mortgage Trust Co of Pennsylvania bonds, . 25,000 00 21,750 00 

N. Y., Phila. & Norfolk R.R. bonds, . . . 39,744 75 43,050 00 

North. Pac. Prior Lien & Land Gr. gold bonds, 25,718 75 25,875 00 

Ohio & Little Kanawha R.R. bonds, . . 875 00 1,000 00 

Pennsylvania Co. bonds, 24,250 00 24,375 00 

Pennsylvania R.R. Co. bonds, .... 26,763 75 20,750 00 

Penn. & Maryland Steel Co. Cons, joint bonds, 51,418 75 57,500 00 

Penn. & N. Y. Canal & R.R. bonds, . . . 22,785 00 24,500 00 

Pennsylvania Steel Co. bonds, .... 20,796 00 21,400 00 

Philadelphia Electric gold trust certificates, . 35,518 75 35,000 00 

Philadelphia & Reading R.R. bonds, . . 15,600 00 16,800 00 

Philadelphia Co., Pa., bonds, .... 52,540 50 53,625 00 

Reading Co. P. & R. Coal & Iron Co. bonds, . 23,750 00 24,375 00 

Rochester R'y Co., N. Y., bonds, . . . 86,07100 91,000 00 

St. Louis Merch. Bridge Term. R'y bonds, . 10,287 50 11,300 00 

Sunbury, Hazelton & Wilkes-Barre R'y bonds, 9,925 00 11,600 00 

Texas & Pacific R'y Co. bonds, . . . 18,653 00 18,450 00 

Wilmington & Northern R.R. bonds, . . 26,500 00 26,750 00 

150 shares Central R.R., N. J., . . . . 17,240 62 26,550 00 

100 " Fourth St, Nat'l Bank of Phila 1 ., . 18,085 00 25,000 00 

200 " Penn Nat'l Bank of Philadelphia, . 7,087 86 21,000 00 

600 " Phila. Co. of Pittsburgh, . . . 27,49188 29,400 00 

5 " Underwriters' Salvage Co., N. Y., . 500 00 500 00 



)30,288 23 $1,008,710 00 % 



39(5 



STATE MITUAL FIItK INSURANCE CO. 



"STATE MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

[Incorporated Feb. 26, 1&55. Commenced business Feb. 26, 1855.] 
THEODORE P. BOGERT, Secretary. 

Income. 

Net premiums * $812,085 99 

Interest on stocks and bonds, $32,183.25 ; all other, $1,867.22, 34,050 47 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc , of officers and employees, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 
Agents' debits (gross), .... 

Total ledger assets, .... 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, 
Market value of stocks and bonds over book value, 



$846,130' 46 
835,702 04 

$1,681,838 50 



|57,408 43 
642,640 62 

17,903 69 

14,687 
2,071 01 

17,555 23 

|752,266 50 
$929,572 00 



$849,812 00 
67,872 33 
11,887 

$929,572 00 



8,155 33 
73,470 00 



Gross assets, . • $1,011,197 33 

Liabilities. 



Unpaid losses, 

Unearned premiums on outstanding risks, 
State taxes accrued, 



All liabilities, except surplus, . 
Surplus, 



Total liabilities, 



$2,770 98 

397,157 65 

10,668 71 

$410,597 34 
600,5^9 99 

$1,011,197 33 



* Including $9,890.34 collected of previous years' premiums. 



ST. PAUL FIRE AND MARIXE INSURANCE CO. 



397 



Risks and Premiums. 

I Amount. Cash Prem's. Conting't I'rem's. 

Risks outstanding Dec. 31,1901,187,498,669 00 $698,084 83 $3,490,424 15 

Risks written during 1902, . 103,602,488 00 828,747 72 4,143,738 60 



Total, .... $191,101,157 00 $1,526,832 55 $7,634,162 75 
Risks expired and terminated, . 93,072,251 00 732,517 24 3,662,586 20 

In force at end of year, . . $98,028,906 00 $794,315 31 $3,971,576 55 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1902, 91 per cent. 



Schedule A. 

Stocks and Bonds owned by the 



State of Rhode Island bonds, . 
City of Providence bonds, 
City of Boston bonds, .... 
448 shares Providence & Worcester R.R., 
500 " Old Colony R.R., . 
200 " Boston & Providence R.R., 
400 " Pitts , Ft. Wayne & C. R.R., . 
400 " Rome, Watertown & Ogdens. R.R , 
350 " N. Y., Lackawanna & Western R.R, 
700 " Cleveland & Pittsburg Railroad, 
500 " Morris & Essex Railroad, 
125 " N. Y., New Haven & Hart. R.R., 
110 " Merchants' National Bank, 
300 " Illinois Central R.R., 
300 " Chicago Great Western R.R., . 
21 " Albany & Susquehanna R.R., . 
400 " Pitts., Bessemer & Lake Erie R.R., 
400 " West End St. R.R., . 



Company. 

Book Value. 

$60,000 00 
55,000 00 
44,000 00 

114,240 00 
92,500 00 
54,000 00 
69,400 00 
47,200 00 
42,000 00 
65,050 00 
45,750 00 
22,750 00 
5,940 00 

.31,500 00 

27,000 00 

5,082 00 

30,800 00 

37,600 00 



$57,639 00 



Market Value. 

$60,000 00 

56,250 00 

45,680 00 

134,400 00 

103,500 00 

60,000 00 

76,400 00 

55,200 00 

48,300 00 

66,850 00 

48,500 00 

27,750 00 

8,470 00 

31,500 00 

27,000 00 

5,082 00 

30,800 00 

37,600 00 



$849,812 00 $923,282 00 



"ST. PAUL FIRE AND MARINE INSURANCE COMPANY," 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000. 

C. H. BIGELOW, President. A. W. PERRY, Secretary. 

Income. 

Net fire premiums, $2,230,284.85 ; marine, $385,291.01, . . $2,615,555 86 
Interest on mortgage loans, $25,450 .71; collaterals, $3,426 . 78 ; 

stocks and bonds, $70,026.86; all other, $9,638.67, . . 108,543 02 



398 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 

Total income, ..... 
Ledger assets, Dec. 31, 1901, . 



Total, 



$43,717 

40,035 39 

$2,807,851 86 

3,003,314 01 

fo,811,165 87 



Disbursements. 

Net amount paid for fire losses, $ 1,209,346.52; marine, 

$264,603.17, 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $7,375.87 ; other taxes and fees, $55,687.71 

Loss on sale or maturity of ledger assets, 

All other disbursements, 

Total disbursements, 

Balance, 



fl,473,949 69 

50,000 00 

620,698 27 

97,140 47 

5,520 00 

17,603 16 

63,063 58 

21,508 "4 

137,481 81 

$2,486,965 02 

$3,324,200 85 



Ledger Assets. 

Real estate, $538,174.66; mortgages,* $403,922.11, 
Loans secured b}* collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Bills receivable, not matured, 

All other ledger assets, 



Total ledger assets, 



$942,096 77 

50,580 94 

1,877,391 75 

206,412 98 

218,555 99 

15,958 15 

13,204 27 

13,324,200 85 



Assets not admitted. 

Agents' debits over three months due, . . $1,299 21 

Special deposits, less $41,119.57 liab. thereon, 63,740 43 

Total unadmitted assets, .... 65,039 64 



Total admitted assets, 



. $3,259,161 21 



Liabilities. 

Unpaid losses, including $17,712.07 resisted, $247,791.30; less 

reinsurance, $21,077.25, 6226,714 05 

Unearned premiums on outstanding risks, $1,700,385. 15 ; plus 

same on disallowed reinsurance, $8,643.55, . . . . 1,709,028 70 



All liabilities, except capital and surplus, 



. $1,935,742 75 



* Value of land, $216,600; buildings, $540,550: insurance thereon, $4-25,000. 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



399 



Surplus to policy holders, .... 

Paid-up capital, 

Surplus over capital and general liabilities, 



. $1,323,418 46 



$500,000 00 
823,418 46 



Total liabilities, $3,259,161 21 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec 31, 1901, 
Marine risks written during 1902, . 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$196,818,934 00 
. 155,277,239 00 

$352,096,173 00 
. 125,202,137 00 

$226,894,036 00 
. 10,113,489 00 



Premiums. 

$2,625,310 17 
2,675,696 49 

$5,301,006 66 
2,140,251 59 

$3,160,755 07 
155,551 88 



$216,780,547 00 $3,005,203 19 

. $5,091,962 00 $190,900 42 

. 61,542,944 00 615,241 97 

. $66,634,906 00 $806,142 39 

. 61,563,899 00 608,504 98 

. $5,071,007 00 $197,637 41 

720,490 00 22,884 25 

. $4,350,517 00 $174,753 16 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$33,145,294 00 

20,328,146 00 

1,220,264 00 

262,947 00 

1,596,694 00 

50,000 00 

74,200 00 



Schedule A. 
Securities held as Collateral. 

Market Value. 

83 shares First National Bank, St. Paul, 



50 
78 
15 

215 
40 

124 
45 



Loaned Thereon. 

$23,247 00 $5,500 00 

First Nat'l B% Little Falls, Mont., 6,500 00 3,500 00 

Consol. Elevator Co., Duluth, Minn., 7,410 00 3,500 00 

National German Am. B'k, St. Paul, 1,950 00 750 00 

Far., Oz., Kirk & Co., St. P., Minn., 43,000 00 10,000 00 

C. W. Hackett H. Co., St. PI, Minn., 6,000 00 2,500 00 

St. Paul Pioneer Press, . . . 6,200 00 4,830 94 

Little Falls, Minn., W. Power Co., . 22,500 00 20,000 00 



$116,807 00 $50,580 94 



400 



ST. PAUL FIRE AND MARINE [N8URANCE CO. 



Schedule B. 
Stocks and Bonds owned by the 

320 shares First Nat'l Bank, St. Paul, Minn., . 

50 • 

742 ; 

300 ■ 

125 ' 

40 ■ 

50 ■ 

45 « 

60 ' 

50 • 

25 * 

50 ' 

600 ' 

100 ' 

135 ' 



Second Nat'l Bank, St. Paul, Minn., 
4 Mer. Nat'l Bank, St. Paul, Minn., . 
4 St. Paul Nat'l B'k, St. Paul, Minn., . 
' First National Bank, Minn., Minn., 
1 Northw'n N'l Bank, Minn., Minn , . 
1 First Nat'l Bank, Stillwater, Minn., 
' First Nat'l Bank, Alexandria, Minn., 
1 Am. Exchange B'k, Duluth, Minn., 
First Nat'l Bank, Duluth, Minn., . 
First Nat'l Bank, St. Peter, Minn., . 
1 National Bank, Helena, Mont., 
1 Northern Securities Co., . 
1 No. Am. Tel. Co., Minn., Minn., 
' West Pub. Co., St. Paul, Minn., . 

Northern Pacific R'y bonds, . 

Northern Pacific & Gt. Northern R'y joint b'ds, 

Chic, St. Paul., Minn. & Omaha R'y Co. bonds, 

Union Pacific Ry bonds, . 

Louisville & Nashville R.R. Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Iowa Central R.R. bonds, . 

Toledo, St. Louis & Western R.R. bonds, 

Missouri Pacific R'y bonds, 

Missouri, Kansas & Texas R.R. bonds, 

Missouri, Kansas & Eastern R.R. bonds, 

Wabash R.R. Co. bonds, . 

Chesapeake & Ohio R'y bonds, 

Missouri, Kansas & Oklahoma R'y bonds 

North Chicago Street R'y bonds, 

City of Richmond, Va., bonds, . 

City of Faribault, Minn., bonds, 

City of Webster, S. D., bonds, . 

City of Portland, Ore., bonds, . 

City of Guthrie, Okla., bonds, . 

City of Jordan, Minn., bonds, . 

City of Baker, Ore., bonds, 

City of Aberdeen, S. D., bonds, 

City of Grand Forks, N. D., bonds, . 

City of Redwood Falls, Minn., bonds, 

City of Canton, S. D., bonds, . 

Minneapolis Gas Light Co. bonds, . 

Minneapolis General Electric Co. bonds, 

St. Paul Gas Light Co. bonds, . 



Company. 

ok Value. 

f88,000 00 

10,000 00 

100,170 00 

30,000 00 

21,875 00 

7,600 00 

8,750 00 

6,750 00 

9,000 00 

11,250 00 

3,125 00 

6,250 00 

66,754 15 

8,000 00 

16,385 00 

176,000 00 

95,000 00 

67,500 00 

52,500 00 

25,000 00 

44,375 00 

59,550 00 

45,125 00 

53,875 00 

21,250 00 

31,420 00 

48,875 00 

52,437 50 

50,000 00 

26,250 00 

25,000 00 

25,000 00 

10,400 00 

57,230 00 

23,600 00 

23,100 00 

10,800 00 

4,320 00 

4,360 00 

6,600 00 

17,055 00 

37,130 00 

38,879 00 

82,495 00 



Market Value. 

|89,600 00 

10,250 00 

102,025 00 

31,500 00 

23,125 00 

10 00 

9,000 00 

7,200 00 

9,000 00 

11,250 00 

3,250 00 

6,750 00 

' 67,200 00 

8,0" I 

17,800 00 
175,000 00 
94,250 00 
68,000 00 
51,500 00 
25,000 00 
44,750 00 
59,300 00 
42.500 00 
52,500 00 
21,500 00 
32,200 00 
49,000 00 
51,665 00 
50,000 00 
26,500 00 
25,000 00 
25,000 00 
10,500 00 
57,500 00 
24,000 00 
23,100 00 
11,000 00 
4,320 00 
00 
6,600 00 
17,600 00 
37.290 00 
38,880 00 
.655 00 



TEUTONIA INSURANCE CO. OF NEW ORLEANS. 



401 



St. Joseph, Mo., L't, H't & Power Co. bonds, 
Helena, Mont., Light & Traction Co. bonds, 
School Dist. No. 81, Spokane Co., Wash., b'ds 
Indep. School Dist., Vil. of Aitkin, Minn., b'ds 
Board of Educa , City of Crookston, Minn., b'ds 
State of Georgia bonds, .... 
City of Missoula, Mont , bonds, 
County of Marshall, S. D., bonds, . 
County of Stanley, S. D., bonds, 
County of Kidder, N. D., bonds, 
County of Morton, N. D., bonds, 
County of Roberts, S. D., bonds, 
County of Grant, New Mex., bonds, 
Town of Fisher, Minn., bonds, . 
Town of Elmore, Minn., bonds, 
Town of Jo Davies, Minn., bonds, . 
Town of Kiester, Faribault Co., Minn., bonds 
Town of Seeley, Farribault Co., Minn., bonds 
Township of Staples, Minn., bonds, . 
Village of Winnebago City, Minn., bonds, 
Village of Fulda, Minn., bonds, 
Village of Detroit, Minn., Sch. Dist. No. 1 b'ds 
Village of Glencoe, Minn., bonds, . 
Village of Gaylord, Minn., bonds, . 
Village of Morgan, Minn., bonds, . 



Book Value. 

$ 10,100 00 

25,000 00 

56,000 00 

13,000 00 

1,030 00 

10,400 00 

11,900 00 

9,720 00 

10,500 00 

10,080 00 

12,600 00 

13,200 00 

10,350 00 

6,405 00 

2,500 00 

5,775 00 

10,500 00 

11,000 00 

4,200 00 

3,000 00 

5,000 00 

5,500 00 

9,600 00 

4,240 00 

6,756 10 



Market Value. 

$10,225 00 

25,750 00 

56,000 00 

13,000 00 

1,030 00 

10,500 00 

11,900 00 

9,720 00 

10,500 00 

10,080 00 

12,600 00 

13,200 00 

10,500 00 

6,405 00 

2,500 00 

5,775 00 

10,500 00 

11,000 00 

4,200 00 

3,000 00 

5,000 00 

5,600 00 

9,600 00 

4,200 00 

6,825 00 



$1,877,391 75 $1,886,870 00 



"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," 

NEW ORLEANS, LA. 

[Incorporated April 12, 1871. Commenced business June 1, 1871.] 

Paid-up Capital, $250,000. 

ALBERT P. NOLL, President. FRANK LANGBEHN, Secretary. 

Income. 

Net fire premiums, $687,723.19 ; marine, $24,652.82, . . * $712,376 01 
Interest on stocks and bonds, $16,900 ; all other, $5,569.47, . 22,469 47 

Total income $734,845 48 

Ledger assets, Dec. 31, 1901, 645,232 89 

Total, $1,380,078 37 

Disbursements. 

Net amount paid for fire losses, $393,220.23; marine, 

$6,524.83, $399,745 06 

Dividends to stockholders, 25,150 00 

Commissions or brokerage, 115,215 21 

Salaries, fees, etc., of officers and employees, .... 20,820 00 

* Including $92,009.04 collected of previous years' premiums. 



402 TEUTONIA INSURANCE CO. OF NEW ORLEANS. 

Real estate taxes, $1,080 ; other taxes and fees, $22,396, . $ 23,476 00 

Loss on maturity of ledger assets, 9,505 00 

All other disbursements, 46,711 05 



Total disbursements, $640,622 32 



Balance, $739,456 05 

Ledger Assets. 

Real estate, $40,000 00 

Stocks and bonds (schedule A), 545,307 44 

Cash in banks and office, 43,433 19 

Agents 1 debits (gross) , 110,715 42 



Total ledger assets, 1739,456 05 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . . 8,492 56 



Gross assets, $747,948 61 

Liabilities. 

Unpaid losses, including $2,000 resisted, $42,385 50 

Unearned premiums on outstanding risks, $334,050.23; plus 

same on disallowed reinsurance, §4,521.75, . . . . 338,571 98 

Dividends unpaid, 13,175 00 

Commissions and other charges due agents and brokers, . 15,921 54 

Due for return premiums, $2,000 ; reinsurance, §3,500, . . 5,500 00 



All liabilities, except capital and surplus, . . . $415,554 02 

Surplus to policy holders $332,394 59 

Paid-up capital 250,000 00 

Surplus over capital and general liabilities, .... 82,394 59 

Total liabilities, $747,948 61 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks writted during 1902, 
Risks expired and terminated, . 



Premiums. 

.$45,442,097 00 $612,39> 
. 53,190,705 00 824,426 73 



$98,632,802 00 $1,436,824 77 
47,169,676 00 72a955 92 



.$51,463,126 00 $715,86> 
. 4,041,937 00 68,071 35 



. $47,421,189 00 $647,797 50 

. $5,883,991 00 $25,903 42 
. 5,883,991 00 25,903 42 



Miscellaneous. 
Premiums received from organization of company. . . $9,563,499 00 
Losses paid from organization of company, .... 4,419,318 00 



TRADERS' INSURANCE CO. 



403 



Fire losses incurred during the year, .... 
Marine losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 

Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

New Orleans city bonds, $ 271,250 00 

Louisiana State bonds, 172,800 00 

United States bonds, 55,500 00 

100 shares Canal Bank, New Orleans, . . 15,500 00 

25 " Germania Nat'l B'k, New Orleans, . 3,500 00 

10 " Provident Savings Bank, N. O., . 1,160 00 

150 " Illinois Central R.R. Co., . . 20,298 19 

15 " Hibernia B'k & Tr. Co., N. O., . 5,299 25 



|393,220 00 

6,525 00 

668,892 00 

12,500 00 

72,100 00 



Market Value. 

$277,500 00 

172,800 00 

54,500 00 

15,800 00 

3,925 00 

1,300 00 

21,600 00 

6,375 00 



$545,307 44 $553,800 00 



« TRADERS' INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

THIES J. LEFENS, President. S. A. ROTHERMEL, Secretary. 

Income. 

Net fire premiums, * $ 1,470,079 11 

Interest on mortgage loans, $7,103.26 ; collaterals, §665.83 ; 

stocks and bonds, $89,875.23; all other, $3,758.18, . . 101,402 50 

Rents, 3,008 18 

Profit on sale or maturity of ledger assets, .... 61,456 67 



Total income, $1,635,946 46 

Ledger assets, Dec. 31, 1901, 2,096,782 60 



Total, 13,732,729 06 

Disbursements. 

Net amount paid for fire losses, 



Dividends to stockholders, .... 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 

Rents, 

Repairs and expenses on real estate, 

Real estate taxes, $787.29 ; other taxes and fees, $46,259 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, 



.32, 



$702,482 95 

50,000 00 

282,939 29 

91,159 83 

6,846 64 

843 80 

47,046 61 

4,211 55 

41,830 32 

$1,227,360 99 

$2,505,368 07 



Including $179,463.02 collected of previous years' premiums. 



404 



TRADERS INSURANCE I 



Ledger Assets. 

Real estate, 831,993.84; mortgages,* $102,000, 

Loans secured by collateral (Chic. Aud. Asso. b'd, $28,000), 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents debits (gross), 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $2,504.79; stocks and bonds, $5,681.42 ; col- 
lateral loans, §201, 

Rents due on company's property, .... 
Market value of stocks and bonds over book value, 



Gross assets, 



$133,9'j 
13,400 00 

1,974,008 21 
206,987 23 
176,978 79 

£2,505,368 07' 



8,387 21 

63 00 

162,996 19 

12,676,814 47 



Assets not admitted. 

Agents' debits over three months due, . . 83,202 92 

Special deposits less §25,452.40 liab. thereon, . 4*2,047 60 

Total unadmitted assets, .... 45,250 52 



Total admitted assets, 



£2,631,563 95 



Liabilities. 
Unpaid losses, including §7,641.15 resisted, §137,935. 78 ; less 

reinsurance, 824,779:90, 8113,155 88 

Unearned premiums on outstanding risks, §960,807.82 ; plus 

same on disallowed reinsurance, §13,394.71, . . . 974,202 53 
Commissions and other charges due agents and brokers, . 24,710 98 



All liabilities, except capital and surplus, . . . f 1,112,069 39 
Surplus to policy holders, .... $1,519,494 56 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 1,019,494 56 



Total liabilities, £2,631,563 95 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

8142,370,147 00 $1,857,722 65 
. 140,307,029 00 1,954,611 35 



§282,677,176 00 §3,812,334 00 
. 123,746,887 00 1,790,454 44 



§158,930,289 00 $2,021,879 56 
. 14,701,972 00 208,484 85 



£144,228,317 00 £1,813,394 71 



* Value of land, $262,625; buildings, $169,800; insurance thereoL - 



traders' INSURANCE CO. 



405 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$ 17,454,534 00 

10,597,613 00 

676,802 00 

1,522,500 00 

50,000 00 

153,700 00 



Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $65,887 50 $67,500 00 

Cass Avenue & Fair Grounds R'y bonds, . 9,925 00 10,000 00 

Chicago & Pastern Illinois R.R. bonds, . . 10,100 00 12,000 00 

Lake Erie & Western R.R. bonds, . . . 23,515 00 23,800 00 

Wabash R.R. bonds 26,987 50 29,000 00 

Atchison, Topeka & Santa Fe R'y bonds, . 100,947 50 99,437 50 

Union Pacific R.R. bonds 157,033 75 150,000 00 

Erie R'y bonds 49,375 00 49,000 00 

Metropolitan West Side Elev. R.R. bonds, . 19,200 00 20,000 00 

Pennsylvania R R. bonds 7,500 00 7,500 00 

Chicago & Alton R'y bonds, .... 42,750 00 41,000 00 

United States of Mexico gold bonds, . . 97,151 56 97,000 00 

Chicago, Milwaukee & St. Paul R'y stock, . 78,675 00 109,800 00 

Chicago & Northwestern R'y stock, . . 162,400 00 174,750 00 

Denver & Rio Grande R.R. stock, . . . 99,562 50 129,600 00 

Chicago, St. Paul, Minn. & Omaha R'y stock, . 12,787 50 21,000 00 

Chicago City R'y stock 415,850 00 435,305 00 

Pennsylvania R.R. Co. stock, .... 42,862 50 44,700 00 

Atchison, Topeka & Santa Fe R'y stock, . . 47,500 00 48,500 00 

North Chicago Street R.R. stock, . . . 64,750 00 58,460 00 

South Side Elevated R.R. stock, . . . 89,796 00 108,000 00 

Corn Exchange Nat'l Bank stock, . . . 75,475 00 110,000 00 

Continental Nat'l Bank stock, .... 45,200 00 77,400 00 

American Exchange Nat'l Bank stock, . . 2,500 00 2,500 00 

Union Nat'l Bank stock, 2,000 00 400 00 

Western Adjustment & Inspection Co. stock, . 375 00 375 00 

Town of Cicero warrant, 976 90 976 90 

Chicago & Alton R'y stock 75,925 00 69,000 00 

Illinois Central R.R. stock, .... 147,000 00 140,000 00 



$1,974,008 21 $2,137,004 40 



406 



UNION INSURANCE CO. OF PHILADELPHIA. 



"UNION INSURANCE COMPANY OF PHILADELPHIA," 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, $200,000. 

CHAS. S. HOLLINSHEAD, President. EDGAR R. DANNELS, Secretary. 



Income 
Net fire premiums, .... 
Deposit premiums on perpetual risks, 
Interest on mortgage loans, $112.93; 

stocks and bonds, $13,895.46, 
Rents, 



Total income, 
Ledger assets, Dec. 31, 1901, . 

Total,. . . . 



collaterals, $9.35; 



•$408,612 04 
458 00 

14,017 74 
2,511 77 

$425,599 55 
451,210 99 

$876,81 



Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, 

Real estate taxes, $1,998 ; other taxes and fees, $9,954. 29, 
All other disbursements, 



Total disbursements, 
Balance, 



6201,419 20 

1,947 04 

5,000 00 

52,557 58 

40,508 18 

3,600 33 

11,952 29 

21,776 73 

$338,761 35 

$538,049 19 



Ledger Assets. 

Real estate, f 159,076. 32; mortgages,! f 1,000, 

Loans secured by collateral (136 shares Commonwealth Title 

Insurance and Trust Co., $13,328), 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, not matured, . 



$160,076 32 

. K) 00 

278,176 38 

27,660 16 

69,136 33 

00 



Total ledger assets, $538,049 19 



* Including $49,S37.S8 collected of previous years' premiums. 
t Value of buildings, $2,000; insurance thereon, $1,000. 



UNION INSURANCE CO. OF PHILADELPHIA. 



407 



Non-Ledger Assets. 

Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
Perpetual insurance on buildings, . 



Gross assets, 



Assets not admitted. 
Agents' debits over three months due, 

Total admitted assets, .... 



$923 68 

42,796 12 

742 50 

$582,511 49 



80 01 
1582,431 48 



Liabilities. 

Unpaid losses, including $2,107.15 resisted, $33,842.52 ; less 

reinsurance, $1,993.97, $31,848 55 

Unearned premiums on outstanding risks, $254,574.08; plus 

same on disallowed reinsurance, $1,157.10, . . . . 255,731 18 

Reclaimable on perpetual fire policies, 30,816 85 

Commissions and other charges due agents and brokers, . 24,872 98 

Miscellaneous, 29 70 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$239,132 22 



Total liabilities, 



$343,299 26 

200,000 00 

39,132 22 

,431 48 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

. $45,425,268 00 $482,533 34 
. 37,219,054 00 458,035 95 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



. $82,644,322 00 $940,569 29 
. 36,634,894 00 416,888 45 



$46,009,428 00 $523,680 84 
1,970,984 00 23,444 75 



. $44,038,444 00 $500,236 09 



Perpetual risks in force (not included above), $1,170,123 00 $34,240 94 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (2.5 per cent.), 
Company's stock owned by directors, .... 



$26,268,441 00 

18,293,338 00 

191,200 00 

1,959,221 00 

15,000 00 

5,000 00 

44,940 00 



408 



UNION MUTUAL FIRE INSURANCE CO. 



Schedule A. 
Stocks and Bonds owned by the 



Susquehanna Coal Co. bonds, . 
Steubenville & Indiana R.R. Co. bonds, • 
Chesapeake & Delaware Canal Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, . 
Lehigh Valley R.R. Co. bonds, 
North Pennsylvania R.R. Co. bonds, 
Hestonville, Mantua & Fair. Pass. R.R Co. b'ds 
People's Pass. R'y Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Cin., Dayton & Ironton R.R. Co. bonds, . 
Atlantic City R.R. Co. bonds, . 
Union Traction Co. bonds trust certificates, 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Bloomfield Street R'y Co. bonds, 
Lynn & Boston R.R. Co. bonds, 
Camden & Suburban R'y Co. bonds, 
Perkiomen R.R. Co. bonds, 
100 shares Little Schuylkill R.R. Co., 
136 " North Pennsylvania R.R. Co., 
68 " Philadelphia National Bank, . 
100 " Philadelphia Traction Co., . 
109 " Thir. & Fifteenth Sts. Pass. R'y Co., 
120 " Philadelphia & Read. R.R., . 



Company. 

Book Value. 

-7,505 00 

15,150 00 

H,482 67 

48,342 79 

12,462 50 

2,325 00 

23,350 61 

11,962 50 

10,397 51 

5,607 64 

11,397 50 

8,225 00 

10,812 50 

10,400 00 

4,992 07 

10,150 00 

13,650 00 

3,427 76 

6,233 77 

8,346 75 

7,562 50 

24,648 75 

6,743 56 



Market Value. 

16,87 

51,87 
13,950 00 

2,120 00 
23,400 00 
12,320 00 
10,250 00 
-0 00 
12,320 00 

9,850 00 
11,300 00 
11,200 00 

5,850 00 
10,800 00 
13,910 00 

6,1< 

14,824 00 
20,876 00 

9,800 00 
33,790 00 

4,212 50 



$278,176 38 £320,972 50 



"UNION MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May, 1S63. Commenced business September, 1S63.] 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Income. 

Net premiums, * £34,053 84 

Interest on stocks and bonds, $11,634.73 ; all other, §513.84, . 12,148 57 

From all other sources, 1,246 28 

Total income, $47,448 69 

Ledger assets, Dec. 31, 1901, 248,893 38 

Total, f 296,34-. 

Disbursements. 

Net amount paid for losses, 614,228 73 

Profits on terminated policies, 21,352 84 

* Including $1,106.57 collected of previous years' premiums. 



UNION MUTUAL FIRE INSURANCE CO. 409 

Commissions or brokerage, $1,463 86 

Salaries, fees, etc., of officers and employees, .... 4,180 17 

Rents, 300 00 

Taxes and fees, 973 08 

Profit and loss, 2,046 64 

All other disbursements, 495 24 

Total disbursements, $45,040 56 

Balance, $251,301 51 

Ledger Assets. 

Stocks and bonds (schedule A), $241,949 43 

Cash in banks and office, 8,217 70 

Agents 1 debits (gross), 1,134 38 

Total ledger assets, $251,301 51 

Non-Ledger Assets, 
Interest accrued : — 

On stocks and bonds, $2,000; other assets, $5.90, . . . 2,005 90 

Market value of stocks and bonds over book value, . . 92,118 57 

Gross assets, $345,425 98 

Liabilities. 

Unpaid losses, $50 85 

Unearned premiums on outstanding risks, .... 104,270 38 

Dividends due policy holders, 1,023 01 

Salaries and other miscellaneous expenses due or accrued, . 759 76 

Commissions and other charges due agents and brokers, . 84 02 

Miscellaneous, 996 28 

All liabilities, except surplus, $107,184 30 

Surplus 238,241 68 

Total liabilities, $345,425 98 

Risks and Premiums. 

Amontit. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1901, $17,915,974 00 $201,382 60 $201,382 60 

Risks written during 1902, . 3,215,274 00 33,368 59 33,368 59 

Total, $21,131,248 00 $234,75119 $234,75119 

Risks expired and terminated, . 2,921,583 00 31,768 66 31,768 66 

In force at end of year, . .$18,209,665 00 $202,982 53 $202,982 53 

Miscellaneous. 

Losses incurred during the year, $14,281 00 

Profits or surplus returned during 1902, 25, 40, 65 and 80 per 
cent. 



410 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Schedule A. 
Stocks and Bonds owned by the 



United States bonds, 

Cleveland Electric R'y Co. bonds, . 
United Traction & Electric Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
70 shares American National Bank, 
200 " Merchants' National Bank, . 
100 " Old National Bank, . 
100 " Weybosset National Bank, . 
120 " National Bank of Commerce, . 
200 " Nat'l Bank of North America, 
200 " Chicago & Northwestern R.R. Co., 
288 " Illinois Central R.R. Co , 
100 " Hereford R'y Co., . 
200 " N. Y. Cent. & Hudson R. R.R. Co. 
200 " N. Y., Lack. & Western R.R. Co., 
320 " Pennsylvania R.R. Co., . 
100 " Rensselaer & Saratoga R.R. Co., 
200 " The Pitts., Bess. & L. E. R.R. Co., 



Company. 

Book Value. 

140,000 00 

10,000 00 

10,000 00 

4,028 03 

3,500 00 

10,000 CO 

10,000 00 

5,000 00 

6,000 00 

10,000 00 

20,000 00 

28,800 00 

10,000 00 

20,459 77 

20,000 00 

16,749 13 

10,000 00 

7,412 50 



Market Value. 

.400 00 

10,600 00 

11,400 00 

4,200 00 

3,780 00 

15,400 00 

10,000 00 

5,600 00 

6,600 00 

11,400 00 

43,800 

42,048 00 

10,000 00 

30,200 00 

27,600 00 

24,640 00 

21,000 

7,400 00 



| 24 1,949 43 a 034,068 00 



"UNITED FIREMEN'S INSURANCE COMPANY OF PHILA- 
DELPHIA," PHILADELPHIA, PA. 

[Incorporated April 2, 1860. Commenced business April 1, I 
Paid-up Capital, $300,000. 
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary. 

Income. 

Net fire premiums, * $482,863 11 

Deposit premiums on perpetual risks, 142,079 60 

Interest on mortgage loans, $2 1 ,540 . 13 ; collaterals, 37,022 . 13 : 

stocks and bonds, £33,330.42 ; all other, $305.79, . . 62,198 47 

Rents, 9,397 75 

Profit on sale or maturity of ledger assets, .... 2,270 01 

From all other sources, 2,648 29 



Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, 

Disbursements 

Net amount paid for fire losses, 
Deposit premiums returned, 



$701,4-:" 
1,492,452 97 

02,193,910 20 



-5239,028 49 
27,410 25 



* Including $72,774.03 collected of previous years' premium; 



UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 411 



Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, .... 

Repairs and expenses on real estate, 

Real estate taxes, $3,714.06 ; other taxes and fees, $11,224.76, 
All other disbursements, 

Total disbursements, 

Balance, 



$30,000 00 

120,961 00 

29,528 13 

4,431 12 

14,938 82 

26,722 17 

$493,019 98 

$1,700,890 22 



Ledger Assets. 

Real estate, $209,454.36; mortgages,* $387,922, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' debits (gross), 

Bills receivable, not matured, . 

All other ledger assets, 

Total ledger assets, . 



$597,376 36 

137,000 00 

824,334 63 

61,632 97 

76,475 46 

218 10 

3,852 70 

$1,700,890 22 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $7,428. 39 ; stocks and bonds, $105 ; collateral 

loans, $455 ; other assets $126.79, 

Rents due and accrued on company's property, 
Market value of stocks and bonds over book value, 



8,115 18 

484 47 

40,301 37 



Gross assets, $1,749,791 24 



Assets not admitted. 

Agents' debits over three months due, 
Depreciation in book value of real estate, 

Total unadmitted assets, . . . . - 



$943 27 
3,754 36 



4,697 63 



$1,745,093 61 



Total admitted assets, 

Liabilities. 
Unpaid losses, including $9,222.88 resisted, $37,347.78; less 

reinsurance, $487.15, $36,860 63 

Unearned premiums on outstanding risks, $336,526.33 ; plus 

same on disallowed reinsurance, $2,644.93, . . . . 339,171 26 

Reclaimable on perpetual fire policies, 866,353 00 

Salaries and other miscellaneous expenses due or accrued, . 8,450 45 

Commissions and other charges due agents and brokers, . 17,727 14 

Due for return premiums, $8,645.35 ; reinsurance, $3,488.52, 12,133 87 

All liabilities, except capital and surplus, . . . $1,280,696 35 



* Value of land and buildings, $753,525; insurance thereon, $330,138. 



412 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Surplus to policy holders, 

Paid-up capital, 

Surplus over capital and general liabilities, 



$464,397 26 



Total liabilities, . 



$300,000 00 
164,397 26 

? 1,745,093 61 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $60,283,20 1 
. 43,598,060 00 

$103,881,264 00 
. 40,143,250 00 

.$63,738,014 00 
. 4,158,074 00 

. $59,579,940 00 



Perpetual risks in force (not incl'd above), . $42,515,760 00 



Premiums. 

$632,6:; - 

0,628 85 

? 1,138,267 20 
445,103 17 

$693,10 ; 
53,294 50 

19,869 53 

$959,459 97 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent ), 

Company's stock owned by directors, .... 



f5,949,816 00 

3,579,728 00 

235,390 00 

593,506 00 

30,000 00 

85,980 00 



Schedule A. 
Securities held as Collateral. 



300 shares Metropolitan St. R'y Co , N. Y., 

6 " Frank. & So. Pass. R.R. Co., Phila., 
State of Pennsylvania bonds, . 
100 shares United Gas Imp. Co. of Phila., 
Philadelphia Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
State of Pennsylvania bonds, . 
142 shares United R'y Invest. Co. of San Fran 
300 " U.S. Steel Corporation, . 
350 " Southern R'y Co , . 
100 " Cambria Steel Co., . 

40 " American R'y Co., . 
United R'y Co. certificates, 

60 shares Southern R'y Co., . 

50 " Reading Co., . 
100 " Penn G.C , lCo.,Westmore.Co.,Pa 
4 " North Pennsylvania R.R. Co., 

20 " Erie R.R. Co 



Market Value. 

$42,150 00 
2,736 00 
3,825 00 ^ 
11,150 00 
1,050 CO 
1,180 00 
5,625 00 
8,946 00 J 
10,650 00^ 
11,418 75 
2,612 50 
2,040 00 
3,480 00 
1,957 50 
1,650 00 
5,000 00 
436 00 
772 50 J 



Loaned Thereon. 

".,000 00 
2,000 00 



[> 25,000 00 



y 30,000 oo 



UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 413 



200 shares Reading Co., .... 
50 " United Gas Improvement Co., 
Philadelphia Co. bonds, .... 
100 shares Erie R.R. Co., .... 
100 " Metropolitan St. R'y Co., N. Y., 
200 " Denver & Rio Grande R.R. Co., 
Philadelphia Co. bonds, .... 



Schedule B. 



Market Value. Loaned Thereon. 

$6,600 00} 

5,575 00 i $25,000 00 
21,000 00 ) 

5,200 00 s 
14,050 00 ! 

8,000 00^ 20 ' 00000 

4,200 00 J 



$181,304 25 $137,000 00 



Stocks and Bonds owned by the 



Allegheny Valley R.R. Co. bonds, . 
Atlantic City R.R. Co. bonds, . 
Baltimore & Potomac R.R. Co. bonds, 
Car Trust of N. Y., No. 3, bonds, . 
Chesapeake & Ohio R'y Co. bonds, . 
City of Woonsocket, Dakota, bonds, 
Choc, Oklahoma & Gulf R.R. Co. bonds, . 
Consolidated Traction Co. of N. J. bonds, 
Consolidated Gas Co. of Pitts., Pa., bonds, 
Delaware Co. R'y gold trust certificates, . 
Erie R.R. Co. car trust bonds, . 
Evansville & Terre Haute R.R. bonds, 
Elec. & People's Trac. Co. st'k trust certificates 
Illinois Central R.R. Co. bonds, 
Lake Erie & Western R.R. Co. bonds, 
Lehigh Valley R'y Co., N. Y., bonds, 
Lehigh Valley R.R. Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
McKeesport & Belle Vernon R.R. Co. bonds, 
Mortgage Trust Co. of Pennsylvania bonds, 
Newark (N. J.) Passenger R'y Co. bonds, 
Norfolk & Western R'y equip, trust certifi , 
Northern Central R'y bonds, . 
Oley Valley R'y bonds, 
Pennsylvania Co. bonds, .... 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Phila. & Baltimore Central R.R. Co. bonds, 
Philadelphia & Erie R.R. Co. bonds, 
Philadelphia Co. bonds, .... 
Pitts , Cin., Chic. & St. Louis R'y bonds, . 
People's Passenger R'y Co. stock trust certs., 
Philadelphia Traction Co. bonds, 
Reading Co. car trust bonds, . 
Reading Co. R.R. equipment trust bonds, 
Real Estate Title Ins. & Trust Co. deben. b'ds, 



Company. 

Book Value. 

$25,845 00 
20,500 00 

6,075 00 

4,100 00 
26,914 50 

6,300 00 
26,837 50 
27,562 50 
28,125 00 
10,202 50 
25,000 00 
10,300 00 
22,885 38 

9,400 00 
11,675 00 
20,200 00 
31,050 00 
37,300 00 
10,500 00 
10,000 00 
21,775 00 
14,746 50 
10,000 00 
10,250 00 
39,468 75 
19,300 00 
22,400 00 
10,275 00 
25,437 50 
32,550 00 
38,590 00 
13,327 50 

9,000 00 
15,093 75 
14,140 00 
20,000 00 



Market Value. 

$24,200 00 
22,200 00 

5,900 00 

5,000 00 
26,650 00 

6,000 00 
27,750 00 
26,750 00 
28,000 00 
10,200 00 
25,000 00 
10,600 00 
24,696 00 

9,900 00 
12,000 00 
21,600 00 
30,700 00 
37,200 00 
12,400 00 

9,000 00 
23,400 00 
14,700 00 
10,600 00 
10,150 00 
38,800 00 
20,000 00 
21,400 00 
10,200 00 
25,450 00 
32,000 00 
38,420 00 
15,750 00 

9,540 00 
15,000 00 
14,000 00 
20,000 00 



414 



UNITED STATES FIRE INSURANCE CO. 



Second Avenue Traction Co. (Pitts.) bonds, 
United R'ys gold trust certificates, . 
Western N. Y. & Penn. R.R. Co. bonds, . 
Wilmington City (Del.) R'y Co. bonds, . 
200 shares Continental Pass. R'y (Phila.), 

30 " Frankford & Southwark Pass. R'y, 
200 M Union Passenger R'y, 

34 " Mil. Underwrit's Build. Asso , No. 1, 
Underwriters' Salvage Co. of N. Y., . 



Book Valne. 

$15,000 00 
16,250 00 
14,400 00 
25,252 50 
20,000 00 
10,500 00 
35,205 75 
100 00 
500 00 



Market Value. 

$17,700 00 
17,400 00 
14,400 00 
25,500 00 
31,400 00 
13,680 00 
48,800 00 
100 00 
500 00 



$824,334 63 $864,636 00 



"UNITED STATES FIRE INSURANCE COMPANY. 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 'J, 1824.] 

Paid-up Capital, $250,000. 

W. W. UNDERHILL, President. -AM TEL M. CRAFTS, Secretary. 

Income. 

Net fire premiums, $592,795.63; marine, $19,891.30, . . * $612,686 93 
Interest on mortgage loans, $14,182.50; stocks and bonds, 

$7,011. 61 21,194 11 



Rents, 

Profit on sale or maturity of ledger assets, 

Total income, 

Ledger assets, Dec. 31, 1901, . 



Total, 



4,569 00 
25 00 

$638,475 04 
626,049 95 

$1,264,524 99 



Disbursements. 
Net amount paid for fire losses, $238,795.58; marine, 

$25,700.78, $264,496 36 

Interest and dividends to stockholders, 12,500 00 

Commissions or brokerage, 110,360 47 

Salaries, fees, etc., of officers and employees, .... 31,135 93 

Rents, 7,000 00 

Repairs and expenses on real estate, 2,043 08 

Real estate taxes, $793.40; other taxes and fees, $11,693.53, 12,486 93 

Return premiums and reinsurance unpaid in 1901, . . . 53,332 07 

All other disbursements, 30,993 77 

Total disbursements, $524,348 61 



Balance, $740,176 38 



* Including $123,104.64 collected of previous years' premiums. 



UNITED STATES FIRE INSURANCE CO. 



415 



Ledger Assets. 

Real estate, $ 45,327. 21; mortgages,* $270,200, 
Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 



Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,236.45 ; stocks and bonds, $1,035.39, . 
Market value of real estate over book value, .... 
Market value of stocks and bonds over book value, 
All other, ' 

Gross assets,! 

Assets not admitted. 
Agents' debits over three months due, 

Total admitted assets, 

Liabilities. 
Unpaid losses, including $6,585.90 resisted, $54,729.64 ; less 

reinsurance, $6,814.36, 

Unearned premiums on outstanding risks, $330,383.24 ; plus 

same on disallowed reinsurance, $3,733.60, . 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums, $22,214.31 ; reinsurance, $5,388.22, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$322,937 69 



Total liabilities, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



.$48,023,681 00 
. 53,631,785 00 

$101,655,466 00 
. 34,007,187 00 

. $67,648,279 00 
. 11,639,709 00 



$315,527 21 

272,521 75 

19,018 68 

133,108 74 

$740,176 38 



2,271 84 

10,672 79 

9,748 25 

1,081 07 

$763,950 33 



56 13 
$763,894 20 



$47,915 28 

334,116 84 

1,166 00 

30,155 86 

27,602 53 

$440,956 51 

250,000 00 
72,937 69 

$763,894 20 



Premiums. 

$481,920 36 
637,308 96 

1,119,229 32 
408,826 97 

$710,402 35 
118,897 05 



$56,008,570 00 $591,505 30 



* Value of land, $272,800; buildings, $230,700; insurance thereon, $196,200. 
t Including $125,000 special reserve held under New York law. 



416 



UNITED 8TATE8 LLOYDS. 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$1,069,487 00 
1,032,564 00 

£2,102,051 00 
1,432,781 00 

£669,270 00 
14,000 00 



Premiums. 

|32,028 41 
24,03:' 

156,068 28 
36,153 92 

$19,914 36 

447 88 



£655,270 00 $19,466 48 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Inland marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), . 

Company's stock owned by directors, .... 

Schedule A. 
Stocks and Bonds owned by the Company. 

Book Value. 

New York city bonds, £182,836 25 

United States bonds, 44,862 50 

Rensselaer & Saratoga R.R. stock,. . . . 44,823 00 



$8,085,346 00 

4,388,740 00 

2l">,726 00 

20,596 00 

1,956,590 00 

12,500 00 

.',050 00 



Market Value. 

£181,845 00 
47,425 00 
53,000 00 



2,521 75 | 00 



"UNITED STATES LLOYDS," NEW YORK, N. Y 

[Commenced business December, 1672.] 

HIGGINS & COX, Attorneys. 



Income. 



Net marine premiums, 
Interest on securities, 
From all other sources, 

Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



Disbursements 

Net amount paid for marine losses, . 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 



,4,787 53 
26,345 53 
43,575 56 

•5714,708 62 
739,233 99 

$1,453,942 61 



$302,075 07 
50,000 00 
64,136 34 
68,409 42 



* Including $I23,67S.51 collected of previous years' premiums. 



UNITED STATES LLOYDS. 417 

Rents, $6,450 00 

Taxes and fees, 11,200 34 

Loss on sale or maturity of ledger assets, .... 2,156 25 



Total disbursements, $504,427 42 



Balance, $949,515 19 

Ledger Assets. 

Stocks and bonds (schedule A) $558,000 00 

Cash in banks and office, 178,020 64 

Agents 1 debits (gross), 156,934 55 

Atlantic Mutual Insurance Co. scrip, 56,560 00 



Total ledger assets, $949,515 1& 

Non-Ledger Assets. 

Interest due and accrued on securities, 10,932 32 

All other 79,822 54 



Gross assets, $1,040,270 05 

Liabilities. 

Unpaid losses, $170,810 00 

Unearned premiums on outstanding risks, .... 136,998 30 

Salaries and other miscellaneous expenses, due or accrued, . 8,975 00 

Commissions and other charges due agents and brokers, . 11,773 59 

Due for return premiums, $15,000; reinsurance, $39,589. 95, . 54,589 95 

Miscellaneous, 9,831 15 



All liabilities, except subscribers' deposits, . . . $392,977 99 
Surplus to policy holders, .... $647,292 06 

Subscribers' deposits paid up, 100,000 00 

Surplus over subscribers' deposits and general liabilities, . 547,292 06 



Total liabilities, $1,040,270 05 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Premiums. 

5,108,221 00 $111,289 39 
. 308,360,282 00 1,183,248 97 



$326,468,503 00 $1,294,538 36 
.313,235,242 00 1,157,540 06 



.$13,233,261 00 $136,998 30 
. 5,757,586 00 46,515 85 



Net amount in force, $7,475,675 00 $90,482 45 



418 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 



Miscellaneous. 
Marine and inland losses incurred during the year, 



. f40o,707 00 



Schedule A. 
Stocks and Bonds owned by the 



Massachusetts State bonds, 

Havana, Cuba, city bonds, 

•Consolidated stock, city of N. Y., 

New York city stock, .... 

Northern Pacific-Great Northern joint bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

Long Island R.R. Co. bonds, 

Union Pacific R'y Co. bonds, . 

Atch., Topeka & Santa Fe R.R. bonds, 

Northern Pacific R'y Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Scioto Valley & New England R.R. Co. bonds, 



Company. 

Book Value. 

$53,500 00 
25,000 00 
24,750 00 

100,500 00 
47,000 00 
53,250 00 
51,000 00 
51,250 00 
50,500 00 
35,750 00 
50,500 00 
15,000 00 



Market Value. 

154,250 00 
25,625 00 
24,750 00 

101,500 00 
47,000 00 
53,250 00 
51,000 00 
.01,250 00 
51,500 00 
35,750 00 
51,000 CO 
15,075 00 



$558,000 00 $ 56 1,950 00 



"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated June 24, 1S96. Commenced business July 1, 1S96.J 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 

Income. 

Net fire premiums, * f 153,420 65 

Interest on stocks and bonds, $6,387.76 ; all other, $73.46, . 6,461 22 

Profit on sale or maturity of ledger assets, .... 20,427 55 
Received from stockholders, 25,C00 00 

Total income, $205,309 42 

Ledger assets, Dec. 31, 1901 227,570 38 

Total, ?432,879 80 






Disbursements. 

Net amount paid for fire losses, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, . 
Rents, 



?72,024 93 

40,293 99 

3,757 06 

449 96 



Including $13,221.68 collected of previous years' premiums. 



VICTOKIA FIRE INSURANCE CO. OF NEW YORK. 



419 



Taxes and fees, . 

All other disbursements, . 

Total disbursements, . 

Balance, 



Ledger Assets 

Stocks and bonds (schedule A), 

Cash in banks, 

Agents 1 debits (gross), .... 

Total ledger assets, .... 



Non-Ledger Assets. 
Interest due and accrued : — 
On stocks and bonds, $2,432 ; other assets, $144.36, 
Market value of stocks and bonds over book value, 



2,325 


94 
69 


$121,174 


57 


$311,705 23 

299,738 77 
4,878 90 
7,087 56 


$311,705 23 



2,576 36 
3,961 23 



Gross assets, $318,242 82 



Liabilities. 

Unpaid losses, $7,070.36; less reinsurance, $51.90, 
Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Paid-up capital, 

Surplus over capital and general liabilities, . 



$236,521 12 



$7,018 46 

73,658 00 

1,045 24 

$81,721 70 

200,000 00 
36,521 12 



Total liabilities, $318,242 82 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $8,260,472 00 
. 16,230,375 00 



Premiums. 

$89,578 90 
173,112 20 



. $24,490,847 00 $262,691 10 
. 11,484,116 00 118,695 59 



.$13,006,731 00 $143,995 51 
85,846 00 1,088 86 



.$12,920,885 00 $142,906 65 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
1'ire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$584,265 00 

357,050 00 

53,795 00 

15,000 00 

32,500 00 



420 



WESTCHESTER FIRE INSURANCE OO. 



Schedule A. 



Stocks and Bonds owned by the Company. 

Book Value. 

$191,768 00 
21,200 00 
15,303 75 
28,234 52 
10,920 00 
20,562 50 
10,750 00 
1,000 00 



New York city bonds, 
Chicago River Improvement bonds, 
Maine Central R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Beech Creek R R. stock, . 
New York & Harlem R.R. stock, 
Illinois Central leased lines, 
Underwriters' Salvage Corporation stock, 



Market Value. 

$194,640 00 
21,600 00 
15,600 00 
28,350 00 
11,760 00 
20,250 00 
10,500 00 
1,000 00 



$299,738 77 1303,700 00 



" WESTCHESTER FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, :- ' 

Paid-up Capital, $300,000. 
GEO. R. CRAWFORD, President. M. <>. BRoWN, Secretary. 

Income. 

Net fire premiums, * $2,218,030 30 

Interest on mortgage loans, 828,494.63; stocks and bonds, 

$58,759.83 87,254 46 

Rents 2,044 25 

Profit on sale or maturity of ledger assets, .... 43,207 60 

Total income, $2,350,536 61 

Ledger assets, Dec. 31, 1901, 2,693,416 18 

Total, $5,043,952 79 

Disbursements. 

Net amount paid for fire losses, f 1,150,341 06 

Dividends to stockholders, 48,000 00 

Commissions or brokerage, 480,801 89 

Salaries, fees, etc., of officers and employees, .... 125,783 77 

Rents, 3,291 43 

Repairs and expenses on real estate, 2 13 

Real estate taxes, $7,06 1.29 ; other taxes and fees, $44,340.13, 51,401 42 

All other disbursements, 142,714 06 

Total disbursements $2,003,095 76 

Balance, |3,040,857 03 

* Including $203,801.79 collected of previous years' premiums. 



AVESTCHESTER FIRE INSURANCE CO. 



421 



Ledger Assets. 

Real estate, $265,802.40; mortgages,* $439,747.50, 
Stocks and bonds (schedule A), .... 

Cash in banks and office, 

Agents' debits (gross), .' 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $7,080.70 ; stocks and bonds, $10,200, 
Market value of stocks and bonds over book value, 



$705,549 90 

1,846,616 37 

185,268 08 

303,422 68 

53,040,857 03 



17,280 70 
266,333 63 



Gross assets,f . $3,324,471 36 

Assets not admitted. 

Agents' debits over three months due, . . $23,420 30 
Special deposits less $35,474.18 liab. thereon, . 45,925 82 

Depreciation in book value of real estate, . 452 40 

Total unadmitted assets, .... 69,798 52 

Total admitted assets, $3,254,672 84 

Liabilities. 
Unpaid losses, including $11,500 resisted, $170,343.94; less 

reinsurance, $25,877.21, $144,466 73 

Unearned premiums on outstanding risks, $1,625,669. 41 ; plus 

same on disallowed reinsurance, $4,856.39, . . . . 1,630,525 80 
Salaries and other miscellaneous expenses, due or accrued, . 11,136 97 
Due for return premiums, $350.23; reinsurance, $3,755.99, . 4,106 22 

All liabilities, except capital and surplus, . . . $1,790,235 72 
Surplus to policy holders, .... $1,464,437 12 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 1,164,437 12 

Total liabilities, $3,254,672 84 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



$333,780,716 00 
. 236,755,481 00 

$570,536,197 00 
. 205,435,648 00 

$365,100,549 00 
. 35,304,354 00 



Premiums. 

$3,122,557 39 
2,635,063 11 

$5,757,620 50 
2,383,899 65 

$3,373,720 85 
285,495 79 



$329,796,195 00 $3,088,225 06 



* Value of land, 8386,850; buildings, $462,200; insurance thereon, $432,650. 
t Including $300,000 special reserve held under New York laws. 



422 



WESTCHESTER FIRE INSURANCE CO, 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), . 
Company's stock owned by directors, .... 



831,619,598 00 

17,563,736 00 

1,114,466 00 

990,000 00 

100,000 00 

48,000 00 

98,500 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $ 72,242 21 $65,400 00 

New York city bonds 323,539 36 310,000 00 

Chesapeake & Ohio Consolidated R.R. bonds, . 32,337 50 35,400 00 

Missouri, Kansas ft Texas R.R. bonds, . . 25,705 00 29,400 00 

Richmond, Va., city bonds, .... 16,142 30 16,000 00 

N. Y. & Harlem R.R. Co. stock, . . . 122,587 50 249,000 00 

Albany ft Susquehanna R.R. Co. stock, . . 57,550 00 90,000 00 

Rensselaer & Saratoga R.R. Co. stock, . . 72,400 00 107,500 00 

N. Y., Lackawanna & Western R.R. Co. stock, 75,487 50 112,000 00 

Rome, Watertown ft Og. R.R. Co. stock, . . 55,662 50 70,000 00 

Oswego & Syracuse R.R. Co. stock, . . . 39,912 50 45,000 00 

Syracuse, Binghamton ft N. Y. R.R. Co. stock, 82,950 00 100,000 00 

Chicago, Milwaukee & St. Paul R.R. Co. stock, 87,850 00 89,000 00 

Pennsylvania R.R. Co. stock 152,487 50 155,750 00 

N. Y. Central & Hudson River R.R. Co. stock, 158,650 00 151,000 00 

Atch., Topeka & Santa Fe R.R. Co. stock, 48,937 50 50,000 00 

Manhattan R.R. Co. stock, .... 69,000 00 74,500 00 

Louisville & Nashville R.R. Co. stock, . . 62,062 50 64,000 00 

Illinois Central R.R. Co. stock, . . . 144,625 00 146,500 00 

Union Pacific R.R. Co. stock, .... 50,000 00 50,000 00 

Delaware & Hudson Co. stock, . . . 80,687 50 86,000 00 

Chatham National Bank stock, .... 15,800 00 16,500 00 



$1,846,616 37 $2,112,950 00 



THE WESTEKN INSURANCE CO. OF PITTSBURGH. 423 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH," 

PITTSBURGH, PA. 

[Incorporated March 20, 1849. Commenced business May 1, 1849.] 

Paid-up Capital, $300,000. 

JOHN B. JACKSON, President. D. DALLAS HARE, Secretary. 

Income. 

Net fire premiums, $360,970.12 ; marine, $322.84, . . . * §361,292 96 
Interest on mortgage loans, f 10,210; collaterals, $16.66; 

bonds, §11,637.32; all other, $1,690.91, .... 23,55489 

Total income §384,847 85 

Ledger assets, Dec. 31, 1901, 495,819 70 

Total, $880,667 55 

Disbursements. 

Net amount paid for fire losses, $162,046.53 ; marine, §16.08, §162,062 61 

Dividends to stockholders, 18,000 00 

Commissions or brokerage, 77,900 37 

Salaries, fees, etc., of officers and employees, .... 15,753 91 

Rents, 3,074 97 

Taxes and fees, 6,755 40 

All other disbursements, 10,759 15 

Total disbursements, §294,306 41 

Balance, §586,361 14 

Ledger Assets. 

Mortgages,! §186,700 00 

Loans secured by collateral (New York Life Ins. Co. paid-up 

policy, $3,000), 1,775 94 

Bonds (schedule A), 310,370 75 

Cash in banks and office, . 35,675 73 

Agents' debits (gross), 47,088 53 

Bills receivable, not matured, 600 00 

Furniture, fixtures and safe, etc., 1,985 35 

All other ledger assets, 2,164 84 

Total ledger assets, §586,361 14 

Non-Ledger Assets. 
Interest due and accrued : — 

On mortgages, §3,159.57; bonds, §1,871.67, .... 5,03124 

Market value of bonds over book value, 15,653 00 

Gross assets, §607,045 38 

* Including $38,344.24 collected of previous years' premiums. 

t Value of land, $200,500; buildings, $290,450; insurance thereon, $1S1,300. 



424 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Assets not admitted. 
Furniture, fixtures, safes, etc., .... 
Agents 1 debits over three months due, 
Total unadmitted assets, . 



Total admitted assets, 



$1,985 35 
3,238 53 



15,228 88 



$601,821 50 



Liabilities. 
Unpaid losses, including $1,975 resisted, $24,518.04; ! 

reinsurance, $289.83, $24,228 21 

Unearned premiums on outstanding risks, 8228,432.98 : plus 

same on disallowed reinsurance, |2,42G. 81, . . . . 230,859 79 

Commissions and other charges due agents and brokers, . 11,758 23 

Miscellaneous, I,u49 31 

All liabilities, except capital and surplus, . . 1267,895 54 
Surplus to policy holders, .... $333,925 90 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities, .... 33,925 96 

Total liabilities, $601,821 50 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

• 133,635,623 00 $370,906 79 
. 32,717,511 00 393,097 72 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 

Marine risks written during 1902, 
Risks expired and terminated, . 



. $66,353,134 00 $764,004 51 
. 27,972,655 00 308,629 77 



.-$38,380,479 00 $455,374 74 
. 2,411,341 00 26,278 00 



. $35,969,138 00 $429,096 74 



$40,123 00 
40,123 00 



1 84 
322 84 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Inland marine losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$5,443,228 00 

3.255,005 00 

161,207 00 

16 00 

1,025,500 00 

168,750 00 

18,000 00 

39.750 00 



WHAT CHEER MUTUAL FIRE INSURANCE CO. 



425 



Schedule A. 

Bonds owned by the Company. 



United States bonds, . .... 
Allegheny County, Pa., bonds, . 
Pittsburgh Junction R R. Co. bonds, 
Pittsburgh & Western R.R. Co. bonds, . 
Pitts. & Allegheny (Pa.), Bridge Co. bonds, 
"Wilkinsburg Borough, Pa., bonds, . 
Braddock Township school, Pa., bonds, . 
New Brighton school, Pa., bonds, . 
Bellevue Borough, Pa., bonds, . 
Avalon Borough school, Pa., bonds, 
Jacks Run Bridge Co., Pa., bonds, . 
German Evang. Protestant Ch., Pa., bonds, 
East McKeesport Borough, Pa., bonds, . 
Connellsville (Pa.) Water Co. bonds, 
Pennsylvania Water Co. bonds, 
Beaver Valley (Pa.) Traction Co. bonds, 
Youngs., O., & Shar., Pa., R'y & Lt. Co. bonds 
Birmingham (Ala.) Water Works Co. bonds, 
St. Joseph (Mo.) Water bonds, 
Carbon Iron Co., Pa., bonds, . 
Ben Avon Borough (Pa.) school bonds, . 
£lgin, Aurora (111.) & So. Traction Co. bonds 
Monongahela Valley Water Co., Pa., bonds, 
Jamestown (N. Y.) Water Suppty Co. bonds 
City of Ponce, Porto Rico, bonds, 
Duquesne Club, Pittsburgh, Pa., bonds, . 
Clairton Steel Co., Pittsburgh, Pa., bonds, 
Suburban Gas Co., Philadelphia, Pa., bonds, 



Book Value. 

$30,000 00 

20,000 00 

22,915 00 

7,763 75 

15,000 00 

30,000 00 

2,000 00 

3,500 00 

3,000 00 

500 00 

4,000 00 

5,500 00 

2,500 00 

4,100 00 

10,850 00 

8,200 00 

20,000 00 

15,000 00 

10,000 00 

11,000 00 

4,000 00 

10,000 00 

11,220 00 

13,000 00 

11,197 00 

15,375 00 

9,750 00 

10,000 00 



Market Value. 

$32,850 00 

20,000 00 

27,480 00 

10,075 00 

16,162 50 

32,625 00 

2,000 00 

3,561 25 

3,090 00 

500 00 

4,390 00 

5,567 50 

2,662 50 

4,120 00 

10,925 00 

8,320 00 

20,000 00 

15,000 00 

10,000 00 

11,000 00 

4,300 00 

10,000 00 

11,220 00 

13,000 00 

11,900 00 

15,375 00 

9,800 00 

10,100 00 



$310,370 75 $326,023 75 



"WHAT CHEER MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1S73. Commenced business Jan. 1, 1874. J 
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary. 

Income. 

Net premiums,* $290,100.78; extra premiums, $1,626.53, . $291,727 31 

Interest on stocks and bonds, 10,277 58 

Profit on sale or maturity of ledger assets, .... 12,437 50 

Premiums paid in advance, 1,077 84 



Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



$315,520 23 
255,567 28 

$571,087 51 



* Including !? ( J,641.70 collected of previous years' premiums. 



426 



WHAT CHEER MUTUAL FIBE [N8UBANCE OO. 



Disbursements 
Net amount paid for losses, 
Profits on terminated policies, . 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 

Taxes and fees, 

Insj)ections, ...... 

All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents 1 debits (gross), 
Cash loans, 



Total ledger assets, . 

X<>n-Ledger Assets. 
Interest accrued : — 

On stocks and bonds, $837.14 ; other assets, $896.33, 

Market value of stocks and bonds over book value, 



$45,802 34 
2 17,758 26 
11,656 90 
1,044 00 
5,945 24 
6,496 56 
2,697 16 

$291,400 46 

$279,687 05 



$160,421 00 

40,410 60 

5,219 57 

73,635 8» 

$279,687 05 



1.733 47 
12,087 25 



Gross assets $293,507 77 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 

Salaries and other miscellaneous expenses, due or accrued, 

Premiums paid in advance, .... 

All liabilities, except surplus, . 
Surplus, 

Total liabilities, 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1901, $ 33,926,150 00 8290,207 54 
Risks written during 1902, . 35,046,585 00 298,010 95 



Total, $68,972,735 00 8588,218 49 

Risks expired and terminated, . 36,613,627 00 307,125 85 

In force at end of year, . 



$5,948 95 

140,546 32 

5,336 8& 

"7 84 

£152,909 99 
140,597 78 

$293,507 77 



Conting't Prem's. 

8 1, 451, OS : 
1,490,054 75 

$2,941,092 45 
1,535,629 25 



. $32,359,108 00 $281,092 64 $1,405,463 20 

Miscellaneous. ' 

Losses incurred during the year, $33,582 0O 

Profits or surplus returned during 1902, 74.22 per cent. 



WILLI AMSBURGH CITY FIRE INSURANCE CO. 



427 



Schedule A. 
Stocks and Bonds owned by the 

100 shares N'l Bank of No. America, Prov., 

50 ' 

200 • 

100 ' 

100 ■ 

50 ' 

294 ' 

200 • 

45 ' 

150 * 

100 ' 



• Old Colony R.R. Co., 

Illinois Central R.R. Co., 
' Cleveland & Pittsburg R R. Co., 
' N. Y., Lack. & Western R'y Co., 
1 Albany & Susquehanna R.R. Co., 
' Pennsylvania R.R. Co., . 
1 Rensselaer & Saratoga R.R. Co., 

Upper Coos R.R. Co., 
1 Pitts., Bessemer & L. Erie R.R. Co. 
' Hereford R'y Co., . 

Steinway R'y Co. bonds, .... 

Pennsylvania R.R. Co. bonds, . 



Company. 

Book Value. 

$4,900 00 

8,931 00 

21,050 00 

9,487 50 

13,300 00 

10,500 00 

18,525 00 

41,800 00 

6,761 25 

5,531 25 

10,250 00 

5,375 00 

4,010 00 



Market Value. 

85,800 00 

10,500 00 

21,600 00 

9,650 00 

14,150 00 

12,200 00 

22,932 00 

43,000 00 

6,761 25 

5,625 00 

10,250 00 

5,800 00 

4,240 00 



$160,421 00 $172,508 25 



" WILLIAMSBURGH CITY FIRE INSURANCE COMPANY," 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, $250,000. 

MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary. 



Income. 

Net fire premiums, * $1,070,460 50 

Interest on mortgage loans, $11,604.73; collaterals, $1,247. 14 

stocks and bonds, $53,043.06, 65,894 93 

Rents, including company's own occupancy, .... 46,830 24 
Profit on sale or maturity of ledger assets, .... 35,939 49 



Total income, 
Ledger assets, Dec. 31, 1001, . 



Total, 



$1,219,125 16 
2,024,894 11 

$3,244,019 27 



Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 



$467,905 83 

59,802 00 

240,035 21 

80,076 37 

16,273 36 

13,767 85 



* Including $118,848.65 collected of previous years' premiums. 



428 



WILLIAM8BURGH CITY PIKE I.\M K.w E 



Real estate taxes, $12,604.89; other taxes and fees, $ 15,511.46, f 28,116 35 
All other disbursements, 47,163 30 



Total disbursements, . 



1953,140 27 



Balance, $2,290,879 00 



Ledger Assets. 

Real estate, $669,657.77; mortgages,* $253,600, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' debits (gross), 

Total ledger assets, 



$923,257 77 
26,700 00 

1,093,062 13 
104,566 89 
143,292 21 

$2,290,879 00 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $3,297.70; stocks and bonds, $4,634.58 ; col- 
lateral loans, $111.25 ; other assets, $118.18, . . . 8,16171 

Rents accrued on company's property, 5,822 66 

Market value of stocks and bonds over book value, . . 86,777 87 



Gross assets,f $2,391,641 24 



Assets not admitted. 
Agents 1 debits over three months due, 
Special deposits less $22,569 liability thereon, . 
Total unadmitted assets, .... 

Total admitted assets, .... 



$903 75 
3,072 25 



3,976 00 



. $2,387,665 24 



Liabilities. 

Unpaid losses, including $7,290 resisted, 681,586.19; less 

reinsurance, $8,783.91, 

Unearned premiums on outstanding risks, $776,149.15; plus 
same on disallowed reinsurance, §9,250.94, . 

Dividends due stockholders, 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 

All liabilities, except capital and surplus, 
Surplus to policy holders, .... 61,498,813 46 

Paid-up capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$72,802 28 

785,400 09 

198 00 

2,877 40 

24,464 98 

3,109 03 

$888,351 78 

250,000 00 
1,248,813 46 

$2,387,665 24 



* Value of land, $209,750; buildings, $217,500; insurance thereon, $222,500. 
j Including $2S0,000 special reserve held under New York laws. 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



429 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .....'. 
Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$160,057,448 00 f 1,439,777 33 
. 108,715,970 00 1,161,219 61 



$268,773,418 00 $2,600,996 94 
. 102,099,511 00 992,015 76 



$166,673,907 00 $1,608,981 18 
. 10,016,250 00 112,001 68 



$156,657,657 00 $1,496,979 50 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (24 per cent.), 
Company's stock owned by directors, .... 



$19,710,729 00 

. 10,101,574 00 

469,725 00 

. 1,842,500 00 

60,000 00 

51,650 00 



Schedule A. 

Securities held as Collateral. 

Market Value. 

93 shares Williams. Tr. Co., Brooklyn, N. Y., $18,600 00- 

72 " National Surety Co., N. Y., . . 10,080 00 

50 " - National Oil Co 3,000 00. 

200 " United States Steel Co., . . . 7,200 00 



Loaned Thereon. 

■ $21,000 00 
5,700 00 



Schedule B. 

Stocks and Bonds owned by the 



Richmond, Va., bonds, . 

Georgia bonds, 

Brooklyn Union Gas Co. of Brooklyn bonds, 
New York city bonds, .... 
New York & Hoboken Ferry Co. bonds, . 
American Malting Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
First National Bank of Brooklyn stock, . 
Brooklyn Union Gas Co. of Brooklyn stock, 
Kings County Trust Co. of Brooklyn stock, 
Union Ferry Co. of Brooklyn stock, 
Chic, Mil. & St. Paul R.R. Co. stock, 
Consolidated Gas Co. of N. Y. stock, 



$38,880 00 $26,700 00 



Company. 

Book Value. 

$13,841 25 
11,800 00 
4,648 80 
97,264 48 
27,604 00 
19,950 00 
37,000 00 
72,524 50 
60,538 85 
18,115 00 
52,100 00 
49,887 50 

203,918 75 



Market Value. 

$13,500 00 
11,000 00 
10,350 00 
96,950 00 
25,800 00 
19,740 00 
37,000 00 
77,000 00 

110,000 00 
38,250 00 
29,750 00 
51,000 00 

210,000 00 



430 



WILLIAMSBURG CITY FIRE INSURANCE CO. 



Williamsburg Trust Co. of N. Y. stock, 
Pennsylvania R.R. Co. stock, . 
The Commercial Cable Co. stock, 
The Reading Co. stock, . 
Hocking Valley R.R. Co. stock, 
Illinois Central R.R. Co. stock, 



Book Value. 

127,000 00 

206,385 00 

36,625 00 

15,775 00 

28,737 50 

109,346 50 



Market Value. 

$39,600 00 

217,500 00 

30,000 00 

16,400 00 

34,000 00 

112,000 00 



$1,093,062 13 fl,179,840 00 



AGGREGATE. 



431 



AGGREGATE. 



Capital Stock. 
Capital actually paid up in cash, . 
Scrip outstanding, . 



Admitted assets, . 



Assets. 



Liabilities. 



Liabilities, 



Income. 
Cash actually received for tire premiums, . 
for marine and inland premiums, 
for interest and dividends from all sources, 
from all other sources, 

Gross cash income, 

Disbursements. 
Cash actually paid during the year for fire losses, 
for marine and inland losses, . 
for dividends to stockholders, .... 
for dividends to policy holders (mutual companies) 

for redemption of scrip, 

for interest to scrip holders, .... 
for brokerage and commission on premiums, 
for salaries and pay of officers and employees, . 

for State and local taxes, 

for office, agency and incidental expenses, 

Total disbursements, 



Miscellaneous. 
Fire risks outstanding at end of year, . 
Marine and inland risks outstanding, . 
Cash dividends declared during the year, 
Fire losses incurred during the year, . 
Marine losses incurred during the year, 



$48,302,875 
7,128,130 



1265,679,011 



1128,780,767 



$136,779,060 
8,624,736 
8,477,855 
5,261,750 



$159,143,401 



$62,404,183 

4,250,578 

6,060,777 

3,612,482 

925,835 

395,506 

24,486,741 

8,284,897 

3,509,825 

10,499,839 



$124,430,663 



117,518,558,214 

200,647,908 

5,015,460 

52,509,822 

3,852,546 



432 



AACHEN AND MUNICH FIRE INSURANCE CO. 



UNITED STATES BRANCHES OF FOREIGN FIRE AND 
MARINE INSURANCE COMPANIES. 



UNITED STATES BRANCH OF THE "AACHEN AND MUNICH KIKE 
INSURANCE COMPANY/ 1 AIX-LA-CHAPELLE, GERMANY. 

Deposit Capital, $-200,000. 
JOSEPH A. KELSEY, United States Manager. 

Office, 46 Cedar Street, New York, X. Y. 



Income. 

Net fire premiums, 

Interest on bonds, $23,235 ; all other, $2,671.82, 
Profit on sale or maturity of ledger assets, 
Received from liome office, 

Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, 

Disbursements 

Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Remitted to home office, .... 

Return premiums and reinsurance unpaid in 1901, 

All other disbursements, .... 

Total disbursements, .... 



Balance, 



Ledger Assets 



Bonds (schedule A),. 
Cash in banks and office, . 
Agents 1 debits (gross), 
Bills receivable, not matured, 
All other ledger assets, 

Total ledger assets, . 



* ?939,4< 

25,906 82 

48,568 71 

8,943 69 

fl,022,827 16 

767,264 15 

?1,790,091 31 



$389,596 97 
157,833 58 

77.9o, 

6,407 
18,930 09 
29,558 65 

9,078 26 
61,705 37 

|751.124 75 

$1,038,966 56 



$737,53' 

147,432 K 

152,541 90 

1,378 79 

83 . 

$1,038,966 56 



* Including $121,537.99 collected of previous years' premiums. 



AACHEN AND MUNICH FIRE INSURANCE CO. 



433 



Non-Ledger Assets. 
Commissions on unpaid reinsurance premiums, 

Gross assets, 



$517 14 



11,039,483 70 






Assets not admitted. 

Cash not in control of trustees, . . . $3,212 76 

Agents' debits over three months due, . . 943 00 

Special deposits less 819,747 . 22 liab. thereon, . 48,252 78 

Depreciation in book value of bonds, . . 2,995 00 
Total unadmitted assets, . 

Total admitted assets, 

LlABDLITIES. 

Unpaid losses, including $9,441.74 resisted, $83,690.70 ; less 

reinsurance, $4,331.30, 

Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Deposit capital, 

Surplus over capital and general liabilities, . 



$329,695 30 






Total liabilities, .. 



55,403 54 
$984,080 16 



$79,359 40 

540,437 51 

32,306 34 

2,281 61 

$654,384 86 

200,000 00 
129,695 30 

$984,080 16 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

$830,108 85 
1,082,669 61 

$1,912,778 46 
806,562 66 

$1,106,215 80 
84,646 97 

$75,203,157 00 $1,021,568 83 



$62,641,678 00 
78,005,902 00 

$140,647,580 00 
59,822,678 00 

$80,824,902 00 
5,621,745 00 



$384,883 00 



Miscellaneous 
Fire losses incurred during the year, 

Schedule A. 
Bonds owned by the Company. 

Book Value. Market Value. 

United States bonds, $60,000 00 $68,000 00 

Consolidated stock of the city of N. Y. bonds, . 204,640 00 195,280 00 

State of N. Y. Canal Improvement bonds, . 105,000 00 101,000 00 

State of Massachusetts bonds, .... 100,125 00 99,000 00 






434 



ATLAS ASSURANCE CO. LIMITED. 



Atchison, Topeka & Santa Fe R.R. Co. bonds, . 
Chicago, Rock Island & Pacific R.R. Co. bonds, 
Northern Pacific R.R. Co. bonds, 
Union Pacific R.R. Co. bonds, . 
Baltimore & Ohio R.R. Co. bonds, . 
Louisville & Nashville R.R. Co. bonds, 
Kansas City Southern R.R. Co. bonds, 



Book Value. 

?48,835 00 
25,867 50 
61,093 75 
49,718 75 
18,200 00 
8,925 00 
55,125 00 



Market Value. 

$51,000 00 
27,125 00 
62,250 00 
52,250 00 
18,000 00 
8,880 00 
51,750 00 



$737,530 00 $734,535 00 



UNITED STATES BRANCH OF THE "ATLAS ASSURAN 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
J. M. NEUBURGER, United States Manager. 

Office, 315 Dearborn Street, Chicago, III. 

Income. 

Net fire premiums * f 1,064,932 93 

Interest on bonds, $25,041.27; all other, $907.91, . . . 25,949 18 
Received from home oflice, 151,230 08 

Total income, $1,242,112 19 

Ledger assets, Dec. 31, 1901, 893,615 40 

Total, $2,135,727 59 

Disbursements. 

Net amount paid for fire losses, $489,798 47 

Deposit premiums returned, 1,659 67 

Commissions or brokerage, 183,533 41 

Salaries, fees, etc., of officers and employees, .... 56,513 71 

Rents, 4,985 53 

Taxes and fees, 19,305 16 

Remitted to home office, 69,103 96 

Return premiums and reinsurance unpaid in 1901, . . . 12,166 66 

All other disbursements, 61,610 24 

Total disbursements, 6898,676 81 

Balance, £1/237.050 78 

Ledger Assets. 

Bonds (schedule A), $963,96125 

Cash in banks and office, 111,198 79 

Agents 1 debits (gross), 161,890 74 

Total ledger assets £l,237,0o ft 

* Including $U8,677.3S collected of previous years' premiums. 



ATLAS ASSURANCE CO. LIMITED. 



435 



Non-Ledger Assets. 
Interest accrued on bonds, . . . 
Market value of bonds over book value, . 



$9,966 64 
33,635 00 



Gross assets, $1,280,652 42 



Assets not admitted. 

Cash not in control of trustees, . . . $22,995 65 

Special deposits less $58,198.71 liab. thereon,. 114,636 29 

Total unadmitted assets, .... 



Total admitted assets, 



Liabilities. 

Unpaid losses, including $8,874.07 resisted, $95,640.35; less 

reinsurance, $11,669, 

Unearned premiums on outstanding risks, $633,827.08 ; plus 

(same on disallowed reinsurance, $8,752.61, . 
Commissions and other charges due agents and brokers, 



137,631 94 
$1,143,020 48 



,971 35 



642,579 69 
29,401 79 

$755,952 83 

200,000 00 
187,067 65 

Total liabilities, $1,143,020 48 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 



$387,067 65 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$100,724,506 00 
. 103,313,967 00 

$204,038,473 00 
. 92,934,599 00 

$111,103,874 00 
. 10,361,004 00 



. Premiums. 

$1,163,067 11 
1,213,124 22 

$2,376,191 33 
1,019,659 17 

$1,356,532 16 
128,582 31 



$100,742,870 00 $1,227,949 85 






Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 
Bonds owned by the Company. 



$500,810 00 



United States government bonds, 
Pennsylvania R.R. Co. bonds, .... 
N. Y. Cent. & Hudson River R.R. Co. bonds, . 
Boston & Maine R.R. Co. bonds, 



Book Value. Market Value. 

$350,000 00 $378,875 00 



25,000 00 
25,000 00 



28,625 00 
24,875 00 



25,000 00 31,000 00 



436 



THE BRITISH AMERICA ASSURANCE DO. 



N. Y. & Putnam R'y Co. bonds, 

City of Louisville bonds, .... 

City of St. Louis bonds, .... 

Commonwealth of Mass. State highway loan, 

N. Y. Cent. & Hudson River R.R. Co. bonds, 

Chicago & Northwestern R.R. Co. bonds, 

Chic., Milwaukee & St. Paul R.R. Co. bonds, 

Territorial bonds, New Mexico, 

Illinois Central R.R. Co. bonds, 

Chicago, Rock Island & Pacific R'y Co. bonds, 



Book Value. 

125,000 00 
50,000 00 
15,000 00 
50,000 00 
76,650 00 
108,875 00 
104,250 00 
10,000 00 
74,145 00 
25,041 25 



Market Value. 

$25,500 00 
52,000 00 
15,825 00 
52,250 
73,500 00 
104,500 00 
101,000 00 
10,460 00 
74,145 00 
25,041 25 



$963,961 25 $997,596 25 



UNITED STATES BRANCH OF "THE BRITISH AMERICA 

ASSURANCE COMPANY," TORONTO, CANADA. 

Deposit Capital, $200,000. 

FREDERICK B. CARPENTER, Attorney. 

Office, 92 Water Street, Boston. 



Income. 

Net fire premiums, 81,342,178.83; marine, $291,543.52, 
Interest on stocks and bonds, 



*f 1,633,722 35 

30,570 24 



Total income, $1,664,292 59 

Ledger assets, Dec. 31, 1901, 1,09: 



Total, $2,763,820 29 

Disbursements. 

Net amount paid for fire losses, $659,086.33; marine, 

8199,747.41 $858,8:: 

Commissions or brokerage, 313,236 99 

Salaries, fees, etc., of officers and employees, . . . . 66,128 49 

Taxes and fees, 40,467 59 

Loss on sale or maturity of ledger assets, .... 1,48000 

Remitted to home office, 44,883 34 

All other disbursements, 105,402 58 



Total disbursements, 
Balance, 



Ledger Assets. 

Mortgages,! .... 
Stocks and bonds (schedule A), 
Cash in banks, .... 
Agents 1 debits (gross), 



Total ledger assets, 



$1,430,4; 2 
$1,333,387 56 



,000 00 

1,001,971 56 

108,009 28 

213,406 72 

$1,333,387 56 



* Including $-254 ,-652. 28 collected of previous years' premiums. 
t Value of land, $50,000. 



THE BRITISH AMERICA ASSURANCE CO. 



437 



Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, 



Gross assets, 



812,491 54 



.,345,879 10 



Assets not admitted. 
Cash not in control of trustees, 
Agents' debits over three months due, 
Special deposits less $129,867. 11 liab. thereon, 
Depreciation in book value of stocks and bonds, 
Total unadmitted assets, .... 

Total admitted assets, .... 



$7,767 83 

269 74 

148,917 83 

4,004 12 



160,959 52 



. $1,184,919 58 






Liabilities. 

Unpaid losses, including $7,544.89 resisted, .... $100,831 92 

Unearned premiums on outstanding risks, .... 826,197 55 

All liabilities, except capital and surplus, . . . $927,029 47 

Surplus to policy holders $257,890 11 

Deposit capital 200,000 00 

Surplus over capital and general liabilities, .... 57,890 11 

Total liabilities, $1,184,919 58 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 

In force at end of year, 

Amount reinsured, .... 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 

Total 

Risks expired and terminated, . 

In force at end of year, 



$120,029,779 00 
. 109,014,049 00 

$229,043,828 00 
. 112,786,223 00 

$116,257,605 00 
. 5,717,892 00 



Premiums. 

$1,438,322 34 

1,507,014 77 

$2,945,337 11 
1,435,804 24 

$1,509,532 87 
71,825 02 



$110,539,713 00 $1,437,707 85 



. $3,602,976 00 
. 31,929,276 00 

.$35,532,252 00 
. 31,633,236 00 



$94,184 19 

301,107 53 

$395,291 72 

305,842 29 



. $3,899,016 00 $89,449 43 






Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



$688,696 00 
199,008 00 



438 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMtt 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

City of N. Y. Corporation stock, . . . $182,537 50 

United States bonds, 223,975 00 

Georgia State bonds, 12,900 00 

New Mexico Territorial bonds, . . . 11,337 50 

City of London, Can, bonds, .... 159,74, 

City of Winnipeg, Can., bonds, . . . . 22,236 00 

City of Kingston, Can., bonds, .... 22,860 00 

City of Richmond, Va., bonds, .... 27,321 00 

City of Toledo, Ohio, bonds, .... 11,562 

City of Riverside, Cal., bonds, .... 27,937 50 

City of Brooklyn, N. Y., bonds, . . . 33,22o 

City of Colorado Springs, Col., bonds, . . 26,500 00 

N. Y. & West Shore R'y bonds, . . . 13,470 00 

Canadian Northern R "y Co. land grant bonds, . 45,000 00 

Baltimore & Ohio bonds, 49,750 00 

Rochester Electric R'y Co. bonds, . . . 26,750 00 

Toronto Electric Light Co. bonds, . . . 20,606 00 

Central Canada Loan & Savings Co. deben.. . 25,000 00 

Toronto Savings & Loan Co. debent., . . 50,000 00 

Can. Perm. & Western Can. Mort. Corp. stock, 9,960 00 



Market Value. 

|178 . 

5 00 

11,600 00 
11,200 00 
154,047 00 
21,500 00 
21.710 

94 
11,450 00 
- _ 00 

2' I 

13,470 00 
44." 

00 

00 

20,000 00 

.000 00 

.000 00 

- 00 



$1,001,971 56 ?997,967 44 



UNITED STATES BRANCH OF THE "BRITISH AND FOREKtX 

MARINE INSURANCE COMPANY (LIMITED)/* LIVERPOOL, 

ENGLAND. 

Deposit Capital, $300,000. 

W. L. II. SIMP80N, niifnrf fffiifn Mm min . 
Office, Cotton Exchange Building, New York. N. Y. 



Income. 



Net marine premiums, 
Interest on stocks and bonds, 
Received from home office, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for marine losses, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 



•$1,042,003 21 

38 
391,348 94 



$1,480,857 53 
1,267,962 57 

$2,748,820 10 



5471,232 14 

145,537 " 9 

39,693 Id 



* Including $209,492.12 collected of previous years' premiums. 



BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 439 



Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets 

Remitted to home office, . 

All other disbursements, ..." 



Total disbursements, 
Balance, 



Ledger Assets 
Mortgages,* .... 
Stocks and bonds (schedule A), 
Cash in banks, .... 
Agents' debits (gross), 



Total ledger assets, 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $625 ; stocks and bonds, $14,888.55, 
Market value of stocks and bonds over book value, 
Reinsurance due on losses paid, .... 



Gross assets, 



$7,020 04 

19,018 68 

5,524 61 

631,906 31 

13,624 29 

$1,333,556 81 

$1,415,263 29 



§27,500 00 

1,188,414 82 

22,681 14 

176,667 33 

$1,415,263 29 



15,513 55 
65,721 02 
50,897 68 

1,547,395 54 



Assets not admitted. 
Cash not in control of trustees, . . . $22,681 14 



Agents 1 debits over three months due, 
Special deposits less $5,390.75 liab. thereon, 
Reinsurance due on losses paid, 
Total unadmitted assets, . 

Total admitted assets, 



18,327 46 

178,819 25 

37,699 38 



- 257,527 23 
. $1,289,868 31 



Liabilities. 

Unpaid losses, including $13,123. 82 resisted, $178,774. 91 ; less 
reinsurance, $64,004.59, 

Unearned premiums on outstanding risks, $168,998.39; plus 
same on disallowed reinsurance, $73,854.97, 

Salaries and other miscellaneous expenses, due or accrued, . 

Commissions and other charges due agents and brokers, 

Due for reinsurance, 



$114,770 32 

242,853 36 

3,849 22 

15,825 18 

75,512 14 

$452,810 22 



All liabilities, except capital and surplus, 
Surplus to policy holders, .... $837,058 09 

Deposit capital, 300,000 00 

Surplus over capital and general liabilities, .... 537,058 09 



Total liabilities, . 



$1,289,868 31 



* Value of property, $51,000; insurance thereon, $15,500. 



440 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1901, . . $26,422,071 00 $302,440 82 
Marine risks written during 1902, . . . 545,742,458 00 1,721,108 33 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



1572,164,529 00 $2,023,549 15 
.548,957,224 00 1,744,725 18 



$23,207,305 00 $278,823 97 
9,410,996 00 109,825 58 



$13,796,309 00 $168,998 39 



Miscellaneous. 
Marine losses incurred during the year, . 



. $440,743 00 



Schedule A. 

Stocks and Bonds owned by the Company. 



Boston & Lowell R.R. bonds, . 
Fitchburg Railroad bonds, 

Old Colony R.R. bonds 

Boston, Clinton, Fitch. & New Bed. R.R. bonds 

New England R.R. bonds, 

Boston & Maine R.R. bonds, 

Old Colony R.R. bonds, .... 

Eastern R.R. bonds, 

State of Massachusetts bonds, . 

City of Brooklyn bonds, .... 

City of New York additional water stock, 

United States bonds, 

Port of Portland bonds, .... 

City of Portland bonds, .... 

Alleghany Valley R.R. bonds, . 

Pennsylvania R.R. Co. bonds, . 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Richmond city bonds, .... 

Lehigh Valley R.R. bonds, 

N. Y. Cent. & Hud. R. R.R. gold deben. cert. 

Pennsylvania R R. bonds, .... 

Pittsburgh, Ft. Wayne & Chicago R.R. stock, 

Cleveland & Pittsburgh R.R. stock, . 



Book Value. 

899,921 60 
30,015 36 
51,977 70 
2,123 82 
61,483 86 
1,046 11 
38,389 14 
23,877 18 
12,917 88 
43,613 64 

164,034 72 

141,306 93 

5,722 65 

13,598 28 

105,505 74 
38,256 42 
73,483 20 
50,490 54 
36,211 86 
49,732 38 
30,399 30 

74.652 58 

39.653 93 



Market Value. 

$101,250 00 
30,300 00 
54,500 00 

2,180 00 
66,000 00 

1,240 00 
40,120 00 
24,438 59 
12,960 00 
41,370 00 
162,000 00 
145,125 00 

5,900 00 
14,260 00 
117,750 00 
40,413 75 
87,562 50 
50,000 00 
36,312 50 
49,583 33 
29,391 00 
94,375 00 
47,104 17 



$1,188,414 82 81,254,135 84 



CALEDONIAN INSURANCE CO. 



441 



UNITED STATES BRANCH OF THE " CALEDONIAN INSURANCE 
COMPANY," EDINBURGH, SCOTLAND. 

Deposit Capital, $200,000. 

CHARLES H. POST, United States Manager. 

Office, 50-52 Pine Street, New York, N. Y. 



Income. 

Net fire premiums, ..... 
Interest on stocks and bonds, 
Rents, including company's ovvn occupancy, 
Profit on sale or maturity of ledger assets, 



* $1,238,867 99 

44,078 61 

29,447 22 

3,396 37 



Total income, 



Ledger assets, Dec. 31, 1901, 
Total 



11,315,790 19 

1,657,814 95 

2,973,605 14 



Disbursements. 

Net amount paid for fire losses, $596,609 44 

Commissions or brokerage, 244,893 41 

Salaries, fees, etc., of officers and employees, .... 82,065 57 

Rents, including company's own occupancy, .... 8,466 36 

Repairs and expenses on real estate, 9,844 93 

Real estate taxes, $2,628.03; other taxes and fees, $25,618.95, 28,246 98 

Loss on sale or maturity of ledger assets, .... 10,545 55 

Remitted to home office, 256,451 32 

All other disbursements, 55,977 23 

Total disbursements, $1,293,100 79 

Balance, $1,680,504 35 



Ledger Assets 
Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, not matured, . 
All other ledger assets, 

Total ledger assets, . 



$427,854 07 

970,250 30 

105,958 89 

170,965 66 

348 08 

5,127 35 

$1,680,504 35 



* Including $169,929.44 collected of previous years' premiums. 



442 



CALEDONIAN LN6URAN< J 



Non-Ledger Assets. 

Interest due and accrued on stocks and bonds, . . . $10,337 49 

Market value of stocks and bonds over book value, . . 6,974 70 

Allother, 19 14 

Gross assets, f 1,703,56 

Assets not admitted. 
Cash not in control of trustees, . . . ?4,056 68 

Agents' debits over three months due, . . 3,385 92 

Special deposits, less 133,761.29 liab. thereon, . 171,388 71 

Total unadmitted assets, .... 178,831 31 

Total admitted assets, $1,524,734 37 

Liabilities. 
Unpaid losses, including £7,600.55 resisted, 8117,914.56 ; '. 

reinsurance, ^13,061.61, $lu4,852 95 

Unearned premiums on outstanding risks, f 825,775. 47: 

plus same on disallowed reinsurance, £896. 15, . . .67162 

Commissions and other charges due agents and brokers, . 38,543 24 

Due for reinsurance, 26,74' 

Contingent liability, 10,001- 

All liabilities, except capital and surplus, . . . $l,006,8(r 
Surplus to policy holders, .... $517,926 36 

Paid-up capital, 200 ,000 00 

Surplus over capital and general liabilities, .... 317,926 36 

Total liabilities f 1,524,734 37 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1901, . 6198.235,412 00 f 2,137,250 47 
Fire risks written during 1902, . . . 131,805,358 00 1,458,38- 

Total, 8330,040,770 00 $3,595,638 82 

Risks expired and terminated 146,130,727 00 1,668,194 39 

In force at end of year, .... -3,910,043 00 Sl,927,444 43 

Amount reinsured 28,979,505 00 340,58: 

Net amount in force, . . . . 8154,930,538 00 81,586,862 39 

Miscellaneous. 
Fire losses incurred during the year, f 54 1,1 78 00 



COLOGNE REINSURANCE CO. 



443 



Schedule A. 
Stocks and Bonds owned by the 



United States bonds, . 

New York city bonds, 

Portland, Ore., Water Loan bonds, 

City of Richmond, Va., bonds, . 

State of Georgia bonds, . 

Richmond & Petersburg R.R. Co. bonds, 

St. Paul, Minn. & Manitoba R.R. Co. bonds, 

Lake Erie & Western R.R. Co. bonds, 

Chicago, Milwaukee & St. Paul R.R. Co. bonds 

Chic, Rock Island & Pacific R.R. Co. bonds, 

Central Union Gas Co. of N. Y. bonds, . 

Brooklyn Union Gas Co. bonds, 

Chicago, Mil. & St. Paul R.R. Co. stock, . 

Consolidated Gas Co. of N. Y. stock, 



Company. 

Book VaJue. 

8354,321 50 

109,250 00 

57,284 47 

24,825 25 

10,000 00 

50,500 00 

44,257 50 

56,069 72 

58,553 59 

51,750 00 

5,500 00 

5,788 53 

99,974 74 

42,175 00 



Market Value. 

$328,500 00 

105,250 00 

59,500 00 

25,750 00 

10,400 00 

55,000 00 

51,000 00 

59,750 00 

57,500 00 

54,000 00 

5,450 00 

5,825 00 

116,100 00 

43,200 00 



)70,250 30 $977,225 00 



UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE 
COMPANY," COLOGNE, GERMANY. 

Deposit Capital, $200,000. 

E. M. CRAGIN, United States Manager. 

Office, 56 Liberty Street, New York, N. Y. 

Income. 

Net fire premiums, * $557,994 91 

Interest on bonds, 17,970 00 

Received from home office, 61,721 25 

Total income, $637,686 16 

Ledger assets, Dec. 31, 1901, 514,043 71 

Total, . $ 1,151,729 87 

Disbursements. 

Net amount paid for fire losses, $ 218, 971 46 

Commissions or brokerage, 133,676 32 

Taxes and fees, 5,160 16 

Remitted to home office, 121,223 71 

All other disbursements, 79 00 

Total disbursements, $479,110 65 

Balance, $672,619 22 



* Including $55,928.59 collected of previous years' premiums. 



444 



COLOGNE REINSURANCE CO. 



Ledger Assets. 

Bonds (schedule A), 

Cash in banks, 

Agents 1 debits (gross), 

Total ledger assets, 

Xon-Ledger Assets. 
Market value of bonds over book value, . 

Gross assets, 



Assets not admitted. 
Cash not in control of trustees, 

Total admitted assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, 

Total liabilities, 



$276,943 95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, 

Risks expired and terminated, . 



. 165,646,928 00 
. 69,342,347 00 

$134,989,275 00 
. 57,967,715 00 



5,528 34 

236 62 
96,854 26 

$672,619 22 



7,579 16 
6680,19- 



236 62 
$679,961 76 



$7,972 00 
366,31' 
28,735 34 

$403,017 81 

200,000 00 
.943 95 

8679,961 76 



Premiums. 

|564,731 35 
621,729 62 

$1,186,460 97 

495,45: 



In force at end of year, 

Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 



$77,021,560 00 $691,0< 



.761 00 



Bonds owned by the Company. 

Book Value. 



United States bonds, 

New York city bonds, .... 
Atchison, Topeka & Santa Fe R.R. bonds, 
Central Pacific R'y Co. bonds, . 
Chicago, Mil. & St. Paul R*y Co. bonds', . 
Union Pacific R'y Co. bonds, . 



$202,602 00 
162,100 55 
51,096 25 
85,527 04 
23,000 00 
51,202 50 



Market V 

6215,445 00 
156,437 
51,000 00 
86,240 00 
23,825 00 
50,160 00 



6575,528 34 6583,107 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 445 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED), 1 ' LONDON, ENGLAND. 

Deposit Capital, $200,000. 
A. H. WRAY, United States Manager. 

Office, Corner Pine and William Streets, New York, N. Y. 

Income. 

Net fire premiums, §3,450,085.16; marine, 8121,185.95, * $3,571,271 11 

Deposit premiums on perpetual risks, 1,764 72 

Interest on mortgage loans, $ 10,408. 13; stocks and bonds, 

$70,772.97; all other, $606.49, 81,787 59 

Rents, including company's own occupancy, .... 50,541 57 



Total income, 
Ledger assets, Dec. 31, 1901, 



$3,705,364 99 
3,044,278 56 



Total, $6,749,643 55 

Disbursements. 

Net amount paid for fire losses, §1,634,610.06; marine, 

$85,137.10, $1,719,747 16 

Commissions or brokerage, 548,850 47 

Salaries, fees, etc., of officers and employees, .... 138,178 49 

Rents including company's own occupancy, .... 20,492 95 

Repairs and expenses on real estate, 19,735 67 

Real estate taxes, $12,293. 05 ; other taxes and fees, $71,824.58, w 84,117 63 

Loss on sale or maturity of ledger assets, .... 11,267 66 

Remitted to home office, 288,047 12 

Return premiums and reinsurance unpaid in 1901, . . . 12,141 39 

All other disbursements, 126,351 62 



Total disbursements, $2,968,930 16 



Balance, . 

Ledger Assets. 

Real estate, $760,278.76 ; mortgages,! $212,000, 

Stocks and bonds (schedule A), 

Cash in banks and office, . 

Agents' debits (gross), 

Bills receivable, not matured, . 

All other ledger assets, 



$3,780,713 39 



$972,278 76 

1,997,279 21 

168,062 65 

634,451 81 

8,618 01 

22 95 



Total ledger assets, $3,780,713 39 



* Including $5S9,196.24 collected of previous years' premiums. 

t Value of land, $115,000; buildings, $217,000; insurance thereon, $195,800. 



446 COMMERCIAL UNION ASSURANCE CO. (LIMITED). 



Non-Ledger Assets. 
Interest accrued : — 

On mortgages, $3,184.16 ; stocks and bonds, $1,915. 25, 

Rents accrued on company's property, 

Market value of real estate over book value, . 

Market value of stocks and bonds over book value, 

All other, 



$5,099 41 
5,702 17 

127,869 93 

143,702 04 

10,599 81 



Gross assets, $4,073,686 75 



Assets not admitted. 

Cash not in control of trustees, . . . $56,773 09 
Agents 1 debits over three months' due, . . 14,070 67 

Special deposits less $156,599.84 liab. thereon, 128,475 16 

Total unadmitted assets, .... 199,318 92 



Total admitted assets, 



. 13,874,367 83 



Liabilities. 

Unpaid .losses, including $37,200 resisted, $347,422; less 

reinsurance, $20,825, 6326,597 00 

Unearned premiums on outstanding risks, $2,298,393.97 ; plus 

same on disallowed reinsurance, $19,053.41, . . . 2,317,447 38 

Reclaimable on perpetual fire policies, 103,416 12 

Commissions and other charges due agents and brokers, . 91,733 71 

Due for return premiums, $9,561.40 ; reinsurance, 844,237. 12, 53,798 52 

All liabilities, except capital and surplus, . . $2,892,992 73 
Surplus to policy holders, .... $981,375 10 

Paid-up capital, 300,000 00 

Surplus over capital and general liabilities 681,375 10 

Total liabilities $3,874,367 83 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$441,415,151 00 $4,413,529 26 
. 337,002,588 00 4,034,476 39 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Xet amount in force, . 



$778,417,739 00 $8,448,005 65 
.338,009,101 00 3,702,333 99 



$440,408,638 00 $4,745,671 66 
. 35,233,921 00 331,798 23 



$405,174,717 00 $4,413,873 43 



Perpetual risks in force (not included above), $5,492,644 00 $114,906 79 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 447 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during; 1902, . 



Total, 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



Premiums. 

. $1,623,791 00 $70,482 27 
. 37,385,893 00 128,465 20 



. |39,009,684 00 $ 198,947 47 
. 36,649,764 00 131,751 77 



. $2,359,920 00 $67,195 70 

7,500 00 371 25 



. $2,352,420 00 , $66,824 45 



Miscellaneous. 

Fire losses incurred during the year, 

Inland marine losses incurred during the year, 



. $1,572,050 00 
72,679 00 



Schedule A. 

Stocks and Bo?ids owned by the Company. 

Book Value. Market Value. 

United States bonds, $503,19116 $556,575 00 

New York city bonds, 319,965 00 317,625 00 

Northern Pacific R.R. bonds 103,270- 00 103,250 00 

Union Pacific R.R. bonds 88*,409 61 103,000 00 

Pennsylvania equipment trust bonds, . . 96,962 50 96,962 50 

Chicago, Milwaukee & St. Paul R.R. bonds, . 77,058 20 84,750 00 

Chicago & Northwestern R.R. bonds, . . 71,180 74 74,375 00 

Indianapolis & Vincennes R.R. bonds, . . 68,123 58 74,750 00 

Chicago, Rock Island & Pacific R.R. bonds, . 68,319 54 76,200 00 

Chicago & Northwestern R.R. bonds, . . 57,508 11 67,500 00 

Central of New Jersey R.R. bonds, . . . 54,668 13 66,062 50 

West Shore R.R. bonds, 51,175 00 55,000 00 

Western Pennsylvania R.R. bonds, . . . 51,291 66 52,000 00 

Lehigh Valley Terminal R.R. bonds, . . 52,305 44 56,000 00 

Lehigh Valley of N. Y. R.R. bonds, . . . 50,000 00 54,750 00 

Clev., Cin., Chicago & St. Louis R.R. bonds, . 45,521 91 51,000 00 

Mil., Lake Shore & Western R.R. bonds, . . 28,810 49 32,781 25 

Chicago, Milwaukee & St. Paul R.R. bonds, . 25,643 14 29,875 00 

N. Y., N. H. & Hartford R.R. Co. stock, . . 113,000 00 112,125 00 

Baltimore & Ohio R.R. Co. stock, . . . 23,606 25 23,500 00 

Union Pacific R.R. Co. stock, .... 22,418 75 23,250 00 

Pittsburgh, Ft. Wayne & Chic. R.R. Co. stock, 23,850 00 28,650 00 

Underwriters 1 Salvage Asso. of N. Y. stock, . 1,000 00 1,000 00 



$1,997,279 21 $2,140,981 25 



448 HAMBURG-BREMEN FIRE EN8UBANCE 00. 



UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE 
INSURANCE COMPANY," HAMBURG, GERMANY. 

Deposit Capital, $200,000. 
F. O. AFFELD, United States Manager. 

Office, 22 Pine Street, New York, N. Y. 

Income. 

Net fire premiums, * f 1,700,890 20 

Interest on collaterals, $1,265.03; bonds, $47,501.75; all 

other, $3,381.94, 52,148 72 

Profit on sale or maturity of ledger assets, .... 12,725 24 

Total income, f 1,765,764 16 

Ledger assets, Dec. 31, 1901, 1,365,952 07 

Total, $3,131,716 23 

Disbursements. 

Net amount paid for fire losses, 8889,731 40 

Commissions or brokerage, 298,213 03 

Salaries, fees, etc., of officers and employees, .... 122,819 15 

Rents, 12,397 49 

Taxes and fees, 36,421 29 

Loss on sale or maturity of ledger assets, .... 2,086 99 

Remitted to home office, 20,724 14 

All other disbursements, 84,103 55 

Total disbursements, $ 1,466,497 04 

Balance, f 1,665,219 19 

Ledger Assets. 

Loans secured by collateral (schedule A), . . . -5=40,000 00 

Bonds (schedule B), 1,415,204 22 

Cash in banks, 55,309 11 

Agents' debits (gross), 154,705 86 

Total ledger assets, f 1,665,219 19 

Non-Ledger Assets. 

Interest accrued on bonds, 18,295 83 

Market value of bonds over book value, 55,574 95 

Gross assets, f 1,739,089 97 

* Including $129,756.48 collected of previous years' premiums. 



HAMBURG-BREMEN FIRE INSURANCE CO. 449 



Assets not admitted. 
Cash not in control of trustees, . . . f 15,309 11 
Collateral loans not in control of trustees, . 40,000 00 

Agents' debits over three months due, . . 5,704 07 

Special deposits less $60,885.50 liab. thereon, 39,289 50 

Total unadmitted assets, .... $100,302 68 

Total admitted assets, $1,638,787 29 



Liabilities. 
Unpaid losses, including $12,150 resisted, $111,815 ; less re- 
insurance, $2,150, $109,665 00 

Unearned premiums on outstanding risks, .... 1,207,756 10 
Commissions and other charges due agents and brokers, . 42,213 44 

All liabilities, except capital and surplus, . . . .$1,359,634 54 
Surplus to policy holders, .... $279,152 75 

Paid-up capital, 200,000 00 

Surplus over capital and general liabilities, .... 79,152 75 

Total liabilities, $1,638,787 29 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total 

Risks expired and terminated, . 

In force at end of year, 
Amount reinsured, . 



Premiums. 

$177,701,712 00 $2,179,844 62 
. 141,690,790 00 1,934,499 76 



$319,392,502 00 $4,114,344 38 
. 130,350,575 00 1,700,101 30 



$189,041,927 00 $2,414,243 08 
. 6,645,307 00 85,676 20 



Net amount in force, .... $182,396,620 00 $2,328,566 88 

Miscellaneous. 
Fire losses incurred during the year, $898,011 00 

Schedule A. 
Securities held as Collateral. 

Market Value. Loaned Thereon. 

Baltimore & Ohio R.R. Co. bonds, . . . $21,937 50 ? $40 000 00 
Oregon Short Line R.R. Co. bonds, . . . 23,968 75 S 



$45,906 25 $40,000 00 



450 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Schedule B. 
Bonds owned by the Company. 



United States bonds, .... 

Georgia State bonds, 

New York city additional water stock, 

New York city bonds, 

Portland City, Ore., bonds, 

Providence city, R. I., bonds, . 

Richmond city, Va., bonds, 

St. Louis city, Mo., bonds, 

Edison Elec. Illuminating Co. of N. Y. bonds 

Atchison, Topeka & Santa Fe R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

Beech Creek R.R. bonds, .... 

Central of Georgia R.R. bonds, 

Central Pacific R'y Co. bonds, . 

Chicago & Alton R'y Co. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Cin.,Ind., St. Lo. & Chicago R.R. bonds, . 

Denver & Rio Grande R.R. bonds, . 

East Tenn., Virginia & Georgia R.R. bonds, 

Erie R.R. Co. bonds, 

Illinois Central R.R. bonds, 
Lake Erie & Western R.R. bonds, . 
Long Island R.R. bonds, .... 
Louisville & Nashville R.R. bonds, . 
Missouri, Kansas & Texas R.R. Co. bonds, 
Missouri Pacific R'y Co. bonds, 
N. Y., Chicago & St. Louis R.R. bonds, . 
Northern Pacific R.R. Co. bonds, 
Oregon R'y & Navigation Co. bonds, 
Pennsylvania Co bonds, .... 
Pennsylvania R.R. con. mortgage gold bonds 
Pitts., Cin., Chicago & St. Louis R.R. bonds, 
Read. Co. & Phila. & Read. C. & I. Co. bonds 
St. Louis & San Francisco R.R. bonds, 
St. Paul, Minn. & Manitoba R.R. bonds, . 
Scioto Valley & New England R.R. bonds, 

Union Pacific R.R. bonds 

Wabash R.R. bonds, 



Book Value. 

f 109,4 11 83 
10,671 80 
129,350 00 
99,500 00 
54,910 70 
28,125 00 
29,371 00 
24,437 50 
21,116 00 
50,992 00 
28,536 00 
20,005 00 
34,060 00 
30,140 00 
23,765 00 
54,811 34 
29,776 00 
20,077 00 
25,990 00 
49,185 00 
47,471 50 
32,481 00 
33,447 50 
30,300 00 
36,753 00 
10,570 00 
27,142 00 
26,512 00 
24,331 50 
31,762 50 
26,205 00 
33,297 00 
29,510 00 
15,530 00 
30,182 30 
21,750 00 
30,450 00 
53,277 75 



Market Value. 

1113,137 
11,300 00 
127,400 00 
5,000 00 
56,25<» 
27,875 00 
30,525 00 
2.5,375 00 
20,716 67 
50,500 00 
27,975 00 
21,000 00 
35,975 00 
29,800 00 
23,475 00 
57,087 50 
29,950 00 
24,625 00 
29,541 67 
49,000 00 
50,875 00 
35,100 00 
35,325 00 
33,050 00 
38,866 67 
10,283 33 
31,05" 
30,750 00 
.041 67 
32,475 00 
28,733 33 
33,112 50 
28,612 50 
16,575 00 
33,075 00 
29,950 00 
30,750 00 
57,64. r 



81,415,204 22 fl,470,779 17 



LAW, UNION AND CROWN INSURANCE CO. 451 



UNITED STATES BRANCH OF THE " LAW, UNION AND CROWN 
INSURANCE COMPANY;' LONDON, ENGLAND. 

Deposit Capital, $200,000. 
HALL & HENSHAW, United States Managers. 

Office, 35 Pine Street, New York City. 

Income. 

Net fire premiums, * $367,071 71 

Interest on stocks and bonds, $20,051.74; all other, $71.29, . 20,123 03 

Profit on sale or maturity of ledger assets, .... 16,831 32 

Received from home office, 70,000 00 

Total income $474,026 06 

Ledger assets, Dec. 31, 1901, 636,766 79 

Total, $1,110,792 85 

Disbursements. 

Net amount paid for fire losses, $201,254 17 

Commissions or brokerage, . . . . . . . 74,107 09 

Salaries, fees, etc., of officers and employees, . . . . 8,218 15 

Rents, 1,119 96 

Taxes and fees, 6,789 57 

Remitted to home office, 114,554 58 

All other disbursements, 8,837 58 

Total disbursements, $414,881 10 

Balance, $695,911 75 

Ledger Assets. 

Stocks and bonds (schedule A), $609,596 25 

Cash in banks, 23,917 87 

Agents' debits (gross), 62,397 63 

Total ledger assets, $695,911 75 

Non-Ledger Assets. 

Interest due and accrued : — 

On stocks and bonds, $3,296.24; other assets, $49.62, . . 3,345 86 



Gross assets, $699,257 61 

* Including $44,744.58 collected of previous years' premiums. 



452 



LAW, UNION AND CROWN INSURANCE CO. 



Assets not adsiitted. 

Cash and interest not in control of trustees, . $23,967 49 

Agents' debits over three months due, . . 801 04 

Special deposits less $7,572.62 liab. thereon, . 59,927 38 

Depreciation in book value of stocks and bonds, 1,200 00 

Total unadmitted assets, .... 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $5,637.50 resisted, f 27,125. 34; less 
reinsurance, $903.56, 

Unearned premiums on outstanding risks, $206,909.53; plus 
same on disallowed reinsurance, §33.20, . . . . 

Commissions and other charges due agents and brokers, 

Due for return premiums, $942.64 ; reinsurance, $4,467.22, . 



$85,895 91 
$613,361 70 



$26,221 78 

206,942 73 

11,870 02 

5,409 86 

8250,444 39 

200,000 00 

162,917 31 

Total liabilities, $613,361 70 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 



$362,917 31 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



. $40,962,135 00 
. 40,300,130 00 

.$81,262,265 00 
. 42,989,186 00 

. $38,273,079 00 
. 3,869,951 00 



Premiums. 

8458,493 68 
465,274 48 

$923,768 16 
466,816 84 

6456,951 32 
50,128 15 



. $34,403,128 00 $406,823 17 



Miscellaneous. 
Fire losses incurred during the year, 



$161,514 00 



Schedule A. 
Stocks and Bonds owned by the Company. 



United States bonds, 

New York city bonds, .... 
Illinois Central R.R. bonds, 
Standard Gas Light Co., N. Y., bonds, 
Pitts., Gin., Chicago & St. Louis R.R. bonds, 
Chicago & Gt. Western R.R. stock, . 



Book Value. 

$63,550 00 
418,521 25 
20,300 00 
23,200 00 
39,025 00 
45,000 00 



Market Value. 

$67,500 00 
413,296 25 

20,400 00 

23,000 

39,200 00 

45,000 00 



5609,596 25 $608,396 25 



LIVEKPOOL AND LONDON AND GLOBE INSURANCE CO. 453 



UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 
HENRY W. EATON, United States, Manager. 

Office, 45 William Street, New York, N. Y. 



Income. 

Net fire premiums, * 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $135,039; stocks and bonds, 

$105,195; all other, f 16,050. 70, . 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
Received from home office, 
From all other sources, 



Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



^7,646,404 73 
5,799 93 

256,284 70 

97,144 80 

15,567 23 

24,560 79 

1,522 20 

$8,047,284 38 
8,762,881 67 

$16,810,166 05 



Disbursements. 

Net amount paid for fire losses, $3,358,945 64 

Deposit premiums returned, 39,541 03 

Commissions or brokerage, 1,066,107 42 

Salaries, fees, etc., of officers and employees, .... 364,180 50 

Rents, including company's own occupancy, .... 51,305 47 

Real estate taxes,f 31,122. 73; othertaxes and fees, $142,808. 13, 173,930 86 

Loss on sale or maturity of ledger assets, .... 8,937 96 

Remitted to home office, 524,720 84 

All other disbursements, 341,195 06 

Total disbursements, $5,928,864 78 

Balance, $10,881,301 27 



Ledger Assets. 

Real estate, $1,828,406.96; mortgages,! $2,861,750, 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents 1 debits (gross), 
All other ledger assets, 



Total ledger assets, 



$4,690,156 96 

3,373,377 11 

1,487,541 99 

1,329,359 94 

865 27 

$10,881,301 27 



* Including $1,163,115.41 collected of previous years' premiums. 

t Value of land, $2,694,950; buildings, $2,713,653: insurance thereon, $2,685,900. 



454 LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, 133,632.14; other assets, $188.90, . 
Rents accrued on company's property, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
All other, 



Gross assets, 



Assets not admitted. 



$33,821 04 
10,000 00 
37,426 04 

259,461 'J4 
2,744 40 

$11,224,754 39 



Cash not in control of trustees, 
Real estate not in control of trustees, 
Agents' debits over three months due, 
Special deposits, less $ 239,572 liab. thereon, 
Total unadmitted assets, . 

Total admitted assets, . . 



$159,221 91 

;,843 96 

20,040 12 

51,753 00 



784,858 99 
£ 10,439,895 40 



Liabilities. 
Unpaid losses, including 849,690 resisted, $785,399.13; less 

reinsurance, $161,261.58, £624,137 bb 

Unearned premiums on outstanding risks, $4,939,865.04 ; plus 

same on disallowed reinsurance, 826,217.31, . . . 4,966,082 35 

Reclaimable on perpetual fire policies, 285,588 57 

Reserve on life policies, 68,811' 77 

Commissions and other charges due agents and brokers, . 207,605 87 

Due for return premiums, §60,000; reinsurance, $186,494.55, 246,494 bb 

Reserved for contingencies, 20,000 00 

All liabilities, except capital and surplus, . . 8 66 

Surplus to policy holders, 81,021,166 74 

Deposit capital 200,000 00 

Surplus over capital and general liabilities, .... 3,821,166 74 



Total liabilities, . 



.439,895 40 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$1,065,070,319 00 89,560,021 31 
. 888,608,712 00 9,489,673 14 



Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



§1,953,679,031 00 819,049,694 45 
.863,864,861 00 7,945,5- 



§1,089,814,170 00 811,104,166 23 
.172,103,281 00 1.727.329 74 



§917,710,889 00 $9,376,836 49 



Perpetual risks in force (not included above), 89,340,016 00 $300,619 bb 



LONDON ASSURANCE CORPORATION. 



455 



Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 

Stocks and Bonds owned by the 



United States bonds, .... 

State of New York bonds, 

City of Richmond bonds, . 

City of Boston bonds, 

Bernalillo Co., New Mexico, bonds, 

New Mexico Territorial bonds, 

City of New York bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Northern Pacific R.R. bonds, . 

Union Pacific R'y bonds, . 

St. Louis, Iron Mt. & Southern R'y bonds 

Atlantic Coast Line R.R. bonds, 

Chic, Milwaukee & St. Paul R.R. stock, 

Illinois Central R.R. stock, 

Baltimore & Ohio R.R. stock, . 



. $3,400,169 00 



Company. 

Book Value. 

$1,333,689 13 

104,288 34 

5,286 51 

185,624 98 

5,486 57 

5,841 97 

828,999 25 

103,251 29 

104,446 45 

105,744 45 

116,293 17 

200,000 00 

192,375 00 

53,250 00 

28,800 00 



Market Value. 

1,570,445 00 

107,625 00 

6,600 00 

191,700 00 

5,806 25 

6,518 75 

842,843 75 

102,000 00 

103,500 00 

104,500 00 

113,500 00 

205,750 00 

192,500 00 

51,500 00 

28,050 00 



$3,373,377 11 $3,632,838 75 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 
CORPORATION," LONDON. 

[FIRE BRANCH.] 

Deposit Capital, $200,000. 

CHAS. L. CASE, United States Manager. 

Office, 44 Pine Street, New York, N. Y. 

Income. 

Net fire premiums, * $1,675,229 14 

Interest on bonds, 54,321 45 

Profit on sale or maturity of ledger assets, . . . . 8,198 00 

Received from home office, 205,232 41 

Total income, $1,942,981 00 

Ledger assets, Dec. 31, 1901, 1,612,301 09 

Total, $3,555,282 09 

Disbursements. 

Net amount paid for fire losses, $628,188 57 

Commissions or brokerage, 351,860 52 

Salaries, fees, etc., of officers and employees, .... 100,423 97 

* Including $198,030.98 collected of previous years' premiums. 



456 



LONDON ASSURANCE CORPORATION. 



Rents, 

Taxes and fees, 
Remitted to home office, 
All other disbursements, 

Total disbursements, 

Balance, 



814,663 09 

34,380 74 

212,470 99 

66,728 99 

11,406,716 87 

82,146,565 22 



Ledger Assets. 



Bonds (schedule A), . 
Cash in banks and office, 
Agents' debits (gross), 



a 1,568,789 58 
348,671 69 
229,103 95 



Total ledger assets, $ 2,146,565 22 



Assets not admitted. 

Cash not in control of trustees, . . . $4,355 22 

Agents 1 debits over three months due, . . 717 07 
Special deposits less f 123,493.59 liab. thereon, 102,806 41 

Depreciation in book value of bonds, . . 25,438 33 
Total unadmitted assets, . 

Total admitted assets, 



133,317 
$2,013,248 19 



Liabilities. 

Unpaid losses, including 813,825 resisted, f 109,283 ; less 
reinsurance, $ 11,740, 

Unearned premiums on outstanding risks, $1, 147,889 ; plus 
same on disallowed reinsurance, $1,241.29, . 

Reclaimable on perpetual fire policies, 

Commissions and other charges due agents and brokers, 

Due for reinsurance, 



$97,543 00 

1,149,130 29 

152 00 

16,673 00 

9,705 94 

$1,273,204 23 

200,000 00 

540,043 96 

Total liabilities, $2,013,248 19 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 



8740,043 96 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, . 



8194,409,370 00 
. 177,051,615 00 

8371,460,985 00 
. 148,810,536 00 

$222,650,449 00 
. 20,392,726 00 



Premiums. 

$1,824,188 00 
1,941,341 15 

$3,765,529 15 
1,395,190 12 

$2,370,339 03 
213,436 58 



$202,257,723 00 $2,156,902 45 



LONDON ASSURANCE CORPORATION. 



457 



Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 
Bonds owned by the Company. 



. $644,173 00 



United States bonds, 

Baltimore & Ohio R.R. bonds, . 

Brooklyn Union Gas Co. bonds, 

Carthage, Watert'n & Sacketts H. R.R. bonds 

Central Union Gas Co. bonds, . 

Chicago, Mil. & St. Paul R.R. bonds, 

Chicago, St. Louis & New Orleans R.R. loan, 

City of New York bonds, 

City of Richmond (Va.) bonds, 

Erie R.R. Co. bonds, . 

Lehigh Valley R'y Co. bonds, . 

Long Island R.R. bonds, . 

Louisville & Nashville R.R. bonds, 

Milwaukee, Lake Shore & West. R.R. bonds, 

N. Y. Gas & Elec. Light, H't & Fr Co. bonds 

New Amsterdam Gas Co. bonds, 

Northern Pacific-Great Northern joint bonds, 

Oregon Short Line R.R. Co. bonds, . 

Pitts., Cin., Chicago & St. Louis bonds, . 

Read. Co. & Phila. & Read. C. & I. Co. bonds 

St. Paul, Minn. & Manitoba R.R. loan, . 

Scioto Valley & New England R R. bonds, 

United States Mortgage & Trust Co. bonds, 



Book Value. 

$538,150 00 
21,670 00 
34,500 00 
58,500 00 
51,000 00 
57,750 00 
9,920 00 

197,858 75 
50,000 00 
47,575 00 
31,500 00 

116,820 00 
31,250 00 
33,750 00 
24,281 25 
25,367 08 
53,760 00 
46,437 50 
28,250 00 
12,600 00 
33,750 00 
29,100 00 
35,000 00 



Market Value. 

$512,400 00 
22,440 00 
34,575 00 
59,000 00 
53,750 00 
57,750 00 
10,160 00 

187,925 00 
51,500 00 
46,125 00 
31,800 00 

116,820 00 
32,125 00 
34,125 00 
23,750 00 
24,840 00 
53,760 00 
48,062 50 
28,125 00 
14,643 75 
34,375 00 
30,300 00 
35,000 00 



31,568,789 58 $1,543,351 25 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 

CORPORATION," LONDON. 

[MARINE BRANCH.] 

Deposit Capital, $300,000. 

PERCY CHUBB & SON, United States Managers. 

Office, 5-7 South William Street, New York, N. Y. 



Income. 

Net marine premiums, 

Interest on bonds, $22,137.49 ; all other, $1,543.27 

Total income, 

Ledger assets, Dec. 31, 1901, .... 



Total, . 



*$483,786 94 
23,680 76 

$507,467 70 
507,875 61 

$1,015,343 31 



* Including $100,097.92 collected of previous years' premiums. 



458 LONDON ASSURANCE CORPORATION. 



Disbursements. 

Net amount paid for marine losses, $165,978 43 

Commissions or brokerage, 85,749 21 

Taxes and fees, 12,993 46 

Remitted to home office, 176,26> 

All other disbursements, 9,572 45 

Total disbursements, ? 450,561 93 

Balance, 1564,781 38 

Ledger Assets. 

Bonds (schedule A), $46 

Cash in banks and office, 40,191 20 

Agents' debits (gross), 64,590 18 

Total ledger assets, $564,781 38 

Non-Ledger Assets. 

Interest accrued on bonds, 5,914 55 

Market value of bonds over book value, 17,887 50 

Gross assets, $588,583 43 

Assets not admitted. 
Cash not in control of trustees, . . . -.699 12 

Agents' debits over three months due, . . 28 73 

Total unadmitted assets, .... 1 85 

Total admitted assets, $559,855 58 

Liabilities. 

Unpaid losses, $ 74,015 ; less reinsurance, $17,650, . . . 556,365 00 
Unearned premiums on outstanding risks, -*7 1,020. 40, plus 

same on disallowed reinsurance, $48,049.75, . . . 119,070 15 

Commissions and other charges due agents and brokers, . 9,587 7 

Due for return premiums, $ 4. 94; reinsurance, 828,590.62, . 28,595 56 

All liabilities, except capital and surplus, . . . 6213,618 50 
Surplus to policy holders, .... $346,237 08 

Deposit capital 300,000 00 

Surplus over capital and general liabilities, .... 46.237 08 

Total liabilities, $559,855 58 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



459 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 



.$10,841,335 00 

. 137,843,145 00 

§ 148,684,480 00 

. 126,769,589 00 

.$21,914,891 00 

. 6,808,510 00 



Premiums. 

$64,653 53 
?29,289 00 

$793,942 53 
691,368 40 

$102,574 13 
31,553 73 



. $15,106,381 00 $71,020 40 



Net amount in force, . 

Miscellaneous. 

Marine and inland losses incurred during the year, 

Schedule A. 

Bonds owned by the Company. 

Book Value. 

Boston city bonds, $100,000 00 

Brooklyn city bonds, 100,000 00 

New York city bonds, 110,000 00 

Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 

Chicago & Erie R.R. bonds 50,000 00 

Chesapeake & Ohio R.R. bonds, . . . 50,000 00 



$159,543 00 



Market Value. 

$ 101,875 00 
98,000 00 
109,012 50 
50,000 00 
60,000 00 
59,000 00 



$460,000 00 $477,887 50 



UNITED STATES BRANCH OF THE "LONDON AND LANCASHIRE 

FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 

ARCHIBALD G. MclLWAINE, Jr., United States Manager. 

Office, 57-59 William Street, New York, N. Y. 

Income. 

Net fire premiums, * §2,259,247 99 

Interest on stocks and bonds, §70,738.17 ; all other, §1,036.72, 71,774 89 
Rents, including company's own occupancy, .... 18,082 51 

Profit on sale or maturity of ledger assets, 



Total income, 

Ledger assets, Dec. 31, 1901, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 



5,660 00 



$2,354,765 39 
2,154,675 50 

§4,509,440 89 



i>875,392 44 
357,025 23 
153,960 78 



* Including 8312,757.99 collected of previous years' premiums. 



460 



LONDON AND LANCASHIRE FIRE INM RANCH CO. 



Rents, including company's own occupancy, . 

Repairs and expenses on real estate, .... 

Real estate taxes, $4,843.10; other taxes and fees, $ 52,351. 13 

Remitted to home office, 

Return premiums and reinsurance unpaid in 1901, . 
All other disbursements, 

Total disbursements, 



Balance, 

Ledger Assets. 

Real estate, 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' debits (gross), 

Bills receivable, not matured, .... 
Cash in hands of trustees, .... 
Cash in hands of special agents, 
All other ledger assets, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, 
Rents due and accrued on company's property, 
Market value of stocks and bonds over book value, 
Due from other companies, .... 



Gross assets, 



Assets not admitted. 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . . . 

Deposit capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



?417,151 S8 



1 22,6 17 05 
10,238 

57,194 23 
232,450 46 

29,697 
108,28- 

£ 1,840,862 92 

82,662,577 97 



$300,000 00 

1,631,139 59 

268,229 34 

371,515 19 

3,884 51 

75,000 00 

1,005 09 

11,803 65 

$2,662,577 97 



22,905 82 

1,755 35 

52,915 08 

15,066 48 

$2,755,220 70 



Cash not in control of trustees, . . . $269,235 03 

Agents' debits over three months due, . . 7,314 67 

Special deposits less f 120,807.23 liab. thereon, 151,842 77 

Due from other companies, .... 11,803 65 
Total unadmitted assets, . 

Total admitted assets, 

Liabilities. 
Unpaid losses, including $ 30,097. 22 resisted, $151,839.22 

less reinsurance, $28,773.90, 

Unearned premiums on outstanding risks, $1,626,532.24 

plus same on disallowed reinsurance, f 29,981. 02, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $ 1,485.36 ; reinsurance, f 41, 133. 34, 



440,196 12 
$2,315,024 58 



$123,065 32 

1,656,513 26 
75,675 42 
42,618 7 

$1,897,872 70 

200,000 00 
217,151 38 

$2,315,024 58 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



461 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$400,607,750 00 $3,380,6:36 07 
.263,901,975 00 2,712,264 03 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$664,509,725 00 $6,092,900 10 
. 276,073,008 00 2,538,572 50 



$388,436,717 00 $3,554,327 60 
. 42,304,902 00 402,825 06 



$346,131,815 00 $3,151,502 54 



Miscellaneous. 
Fire losses incurred during the year, 

Schedule A. 

Stocks and Bonds owned by the Compa?iy. 

Book Value. 

United States bonds, $247,555 00 

Baltimore & Ohio R.R. bonds, .... 138,262 50 

Beech Creek R.R. Co. bonds 27,527 45 

Chesapeake & Ohio R'y Co. bonds, . . . 71,294 87 

Chicago, Burlington & Quincy bonds, . . 3,732 00 

Chicago, Milwaukee & St. Paul R'y Co. bonds, 82,906 25 

Chicago, Rock Island & Pacific R'y Co. bonds, 117,902 50 

Chicago & Erie bonds, 11,025 00 

Cincinnati, Dayton & Ironton bonds, . . 19,400 00 

Cin., Indian., St. Louis & Chic. R'y Co. bonds, 95,964 44 

Delaware & Hudson Canal Co. bonds, . . 31,293 75 

Flint & Pere Marquette bonds, . . . 25,000 00 

Illinois Central R.R. Co. bonds, . . . 104,582 00 

Lake Erie & Western R.R. Co. bonds, . . 56,780 00 

Lehigh Valley R.R. Co. (N. Y.) bonds, . . 25,837 50 

Milwaukee, Lake Shore & Western bonds, . 55,993 75 

N. Y. Central & Hudson River bonds, . . 2,400 00 

N. Y., Chicago & St. Louis R'y Co. bonds, . 50,862 50 

tf . Y., Sus. & Western bonds, .... 1,800 00 

Phila. & Reading Terminal bonds, . . . 6,700 00 

St. Louis & Iron Mt. R'y Co. bonds, . . 39,834 75 

St. Paul, Minn. & Manitoba bonds, . . . 81,559 50 

State of Georgia bonds 28,711 87 

State of Massachusetts bonds, .... 28,625 00 

Grant County (New Mexico) R.R. bonds, . 10,700 00 

New York city bonds, 205,524 96 

City of Richmond (Va.) bonds, . . . 49,603 50 

111 shares Baltimore & Ohio R.R. Co. . . 8,677 50 

83 " Milwaukee Underwriters' Asso., . 83 00 

10 " Underwriters' Salvage Co., . . 1,000 00 



$846,920 00 



Market Value. 

$277,220 83 

134,362 50 

28,620 00 

77,270 84 

5,025 00 
81,045 00 
113,512 50 
11,666 67 
22,433 34 
97,333 33 
33,916 67 
27,791 66 
111,333 34 
57,500 00 
26,500 00 
63,828 33 

5,492 50 
51,250 00 

3,300 00 
11,716 66 
38,062 50 
82,500 00 
26,987 50 
26,312 50 

9,650 00 

198,000 00 

49,750 00 

10,590 00 

83 00 

1,000 00 



$1,631,139 59 $1,684,054 67 



462 



MANfin->TER ASSURANCE CO. 



UNITED STATES BRANCH OF THE "MANCHESTER ASSURAN« B 
COMPANY," MANCHESTER, ENGLAND 

Deposit Capital, $200,000. 
GEO. S. A. YOUNG, United States Manager. 

Office, 49 Wall Street, New York, N. T. 

Income. 

Net fire premiums, 

Interest on stocks and bonds, . 

Profit on sale or maturity of ledger assets, 

From all other sources, .... 



Total income, 
Ledger assets, Dec. 31, 1901, . 

Total, 

Disbursements, 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Remitted to home office, .... 
Return premiums and reinsurance unpaid in 1901, 

Profit and loss, 

All other disbursements, .... 

Total disbursements, .... 

Balance, 

Ledger Assets 

Real estate, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, . 
Agents' debits (gross), 
Bills receivable, 

Total ledger assets, . 

Non-Ledger Assets. 
Interest due and accrued on stocks and bonds, 
Market value of real estate over book value, . 
Market value of stocks and bonds over book value, 
All other, 



74 

43,458 18 

28,234 88 

8 25 



. fl,747,258 

. 1,561,115 34 

. $3,308,373 39 



f 804,391 57 

278,070 81 

112,357 73 

13,315 22 

42.47* 74 

146,482 24 

2,675 37 

131 38 

90,074 23 

fl,510,577 29 

$1,797,796 10 



$2,900 00 

1,289,968 35 

220,992 86 

283,736 49 

198 40 

11,797,796 10 



8,324 17 

1,600 00 

36,691 65 

5,483 52 



Gross assets, 



f 1,849,895 44 



* Including 1260,994.17 collected of previous years' premiums. 



MANCHESTER ASSURANCE CO. 



463 



Assets not admitted. 

Cash not in control of trustees, . . . $5,442 86 

Agents 1 debits over three months due, . . 4,877 47 

Bills receivable, past due, .... 198 40 

Special deposits less $94,686.83 liab. thereon, 137,213 17 

Total unadmitted assets, .... 

Total admitted assets, 



$147,731 90 
$1,702,163 54 



Liabilities. 
Unpaid losses, including $37,345.39 resisted, $146,323.59; 

less reinsurance, $22,595.25, 

Unearned premiums on outstanding risks, $1,046,298.97 ; plus 

same on disallowed reinsurance, $14,729.41, 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 



$123,728 34 

1,061,028 38 

55,711 10 

26,907 60 

M ,267,375 42 

200,000 00 

234,788 12 

Total liabilities, $1,702,163 54 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 



$434,788 12 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 

Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$214,491,574 00 

. 155,983,237 00 

$370,474,811 00 

. 174,901,449 00 

$195,573,362 00 

. 18,593,438 00 



Premiums. 

$2,387,177 53 
2,009,044 80 

$4,396,222 33 
2,093,791 36 

$2,302,430 97 
243,271 88 



$176,979,924 00 $2,059,159 09 



Miscellaneous. 
Fire losses incurred during the year, 



$741,381 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. Market Value. 

City of New York consolidated stock, . . $202,000 00 $200,000 00 

United States bonds, 184,496 75 190,750 00 

Portland, Ore , water bonds, .... 57,125 00 57,500 00 

City of Brooklyn bonds, 200,000 00 200,000 00 

District of Columbia bonds, .... 21,600 00 25,000 00 

Baltimore & Ohio R.R. bonds, .... 10,620 00 10,500 00 

Burl,, Cedar Rapids & Northern R.R. bonds, . 41,000 00 50,000 00 



464 



.MANNHEIM INSURANCE CO. 



Central Pacific ITy bonds, 

Chicago, Mil. & St. Paul R.ll. bonds, 

Illinois Central R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

Northern Pacific R.R. bonds, . 

Pennsylvania Co. bonds, . 

Pennsylvania R.R. equipment bonds, 

St. Lo., Iron Mt. & Southern R'y Co. bonds, 

St. Paul, Minneapolis & Manitoba R.R. bonds 

Wheeling & Lake Erie R.R. bonds, . 

Pennsylvania R.R. Co. stock, . 



Book Value. 

$76,031 25 
145,585 00 
25,750 00 
25,250 00 
67,879 00 
61,050 00 
20,200 00 
27,906 25 
26,000 00 
25,475 10 
72,000 00 



Market Value. 

176,600 00 

151,200 00 
25,500 00 
-,000 00 
71,760 00 
60,500 00 
20,400 00 
28,500 00 
28,250 00 
27,300 00 
75,000 00 



81,289,968 35 £1,326,660 00 



UNITED STATES BRANCH OF THE "MANNHEIM INSURANCE 
COMPANY," MANNHEIM, GERMANY. 

Deposit Capital, $300,000. 
FRANZ HERRMANN, United States Manager. 

Office, 66 Beaver Street, New York City. 



Income. 



Net marine premiums, 
Received from home office, 

Total income, 
Ledger assets, Dec. 31, 1901, 

Total, .... 



Disbursements 

Net amount paid for marine losses, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
Remitted to home office, .... 
All other disbursements, .... 

Total disbursements, . . . . 

Balance, 

Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 



4,147 03 
69,875 00 

-4,022 03 
363,965 36 

$1,187,987 39 



8446,960 22 

98,532 12 

31,197 74 

3,100 01 

13,316 37 

28,500 00 

61,863 12 

28,675 57 

£712,145 15 

M75£42 24 



- -2,375 00 
5,955 38 



* Including $96,830.56 collected of previous years' premiums. 



MANNHEIM INSURANCE CO. 465 

Agents 1 debits (gross), $86,14186 

Bills receivable, not matured, 1,370 00 

Total ledger assets, . . > $475,842 24 

Assets not admitted. 

Cash not in control of trustees, . . . $5,955 38 

Agents 1 debits over three months due, . . 1,492 60 

Total unadmitted assets, .... 7,447 98 

Total admitted assets, $468,394 26 

Liabilities. 

Unpaid losses, $44,626.36 ; less reinsurance, $1,518.74, . . $43,107 62 
Unearned premiums on outstanding risks, $108,485.35; plus 

same on disallowed reinsurance, $97.55, .... 108,58290 

Commissions and other charges due agents and brokers, . 3,009 57 

Due for reinsurance, 9,549 90 

All liabilities, except capital and surplus, . . . $164,249 99 
Surplus to policy holders, .... $304,144 27 

Deposit capital, 300,000 00 

Surplus over capital and general liabilities, .... 4,144 27 

Total liabilities, $468,394 26 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1901, . . $13,435,515 00 , $35,549 00 

Marine risks written during 1902, . . .210,206,796 00 821,348 05 

Total, $223,642,311 00 $856,897 05 

Risks expired and terminated, .... 201,928,941 00 669,995 02 

In force at end of year, $21,713,370 00 $186,902 03 

Amount reinsured, 937,565 00 2,224 70 

Net amount in force, $20,775,805 00 $184,677 33 

Miscellaneous. 

Marine and inland losses incurred during the year, . . $453,002 00 

Schedule A. 

Bonds owned by the Company. 

Book Value. Market Value. 

New York city stock, .'.... $330,000 00 $330,000 00 

Union Pacific Co. R.R. bonds, .... 52,375 00 52,375 00 

$382,375 00 $382,375 00 



46(3 



THE MARINE INSURANCE CO. (LIMITED). 



UNITED STATES BRANCH OF "THE MARINE INSURANCE 
COMPANY" (LIMITED), LONDON, ENGLAND. 

Deposit Capital, $300,000. 

PERCY CHUBB & SON, United States Managers. 

Office, 15 Exchange Place, Jersey City, N. J. 

Income. 

Net marine premiums, * $ 642,727 12 

Interest on stocks and bonds, $15,187.36 ; all other, $1,027.24. 16,214 60 

Total income, $658,941 72 

Ledger assets, Dec. 31, 1901, 538,018 07 

Total, $1,196,959 79 

Disbursements. 

Net amount paid for marine losses, $206,840 24 

Commissions or brokerage, 104,551 25 

Taxes and fees, 11,23185 

Loss on sale or maturity of ledger assets, .... 31,496 14 

Remitted to home office 223,739 90 

All other disbursements, 11,738 14 

Total disbursements, $589,597 52 

Balance, $607,362 27 

Ledger Assets. 

Bonds and scrip (schedule A), $516,910 00 

Cash in banks, 40,023 00 

Agents' debits (gross), 44,625 31 

Bills receivable, not matured, 5,803 96 

Total ledger assets, $607,362 27 

Non-Ledger Assets. 

Interest accrued on bonds, 2,512 07 

Market value of bonds over book value 10,000 00 

Reinsurance due for losses paid, 4,705 95 

Gross assets, $624,580 29 

* Including $$'2,029.2*2 collected of previous years' premiums. 



THE MARINE INSURANCE CO. (LIMITED). 



4U7 



Assets not admitted. 

Cash not in control of trustees, . . . $32,260 92 

Agents' debits, over three months due, . . 2,266 45 

Special deposits less $6,973.27 liab. thereon, . 102,276 73 

Reinsurance due on losses paid, . . . 3,384 45 

Total unadmitted assets, . 

Total admitted assets, 



$140,188 55 
1484,391 74 



Liabilities. 

Unpaid losses, f 54,100 ; less reinsurance, $5,500, . 
Unearned premiums on outstanding risks, $72,280.94; plus 

same on disallowed reinsurance, f 6,894. 03, . 
Salaries and other miscellaneous expenses, due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, . 

Deposit capital, 

Surplus over capital and general liabilities, . 

Total liabilities, 



$303,311 76 



$48,600 00 

79,174 97 

12,000 00 

6,561 37 

34,743 64 

$181,079 98 

300,000 00 
3,311 76 



,391 74 



Marine risks outstanding Dec. 31, 1901, 
Marine risks written during 1902, . 



Risks and Premiums. 

Premiums. 

.$24,031,101 00 $131,285 47 
1,296,876,883 00 943,624 65 



Total, 

Risks expired and terminated, . 

In force at end of year, . 
Amount reinsured, . 

Net amount in force, . 



$1,320,907,984 00 $1,074,910 12 
1,292,068,601 00 970,127 92 



. $28,839,383 00 $104,782 20 
. 6,710,321 00 23,412 77 



.$22,129,062 00 $81,369 43 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$213,940 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Book Value. 

New York city bonds $325,000 00 

Pennsylvania R.R. bonds, 50,000 00 

N. Y. Central & Hudson River R.R. bonds, . 35,000 00 

Atlantic Mutual Insurance Co. scrip, . . 6,910 00 

City of Cleveland, Ohio, bonds, . . . 100,000 00 



Market Value. 

$323,250 00 

52,500 00 

35,000 00 

6,910 00 

109,250 00 



$516,910 00 $526,910 00 



468 



MUNICH REINSURANCE CO. 



UNITED STATES BRANCH OF THE "MUNICH REINSURANCE 
COMPANY," MUNICH, GERMANY. 

Deposit Capital, $200,u00. 
CARL SCHREINER, United States Manager. 

Office, 346 Broadway, New York, N. Y. 



Income. 



Net fire premiums, 

Interest on stocks and bonds, 

Total income, 
Ledger assets, Dec. 31, 1901, 



Total, 



Disbursements 

Net amount paid for fire losses, 

Commissions or brokerage, 

Salaries, fees, etc , of officers and employees, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
Remitted to home office, .... 
All other disbursements, .... 



Total disbursements, . 
Balance, 



Ledger Assets 

Stocks and bonds (schedule A), 

Cash in banks, 

Reinsurance due on losses paid, 



* $3,014,002 69 

78,413 39 

. $3,092,416 08 

. 1,952,318 98 



$5,044,735 06 



$1,625,658 94 

798,613 08 

14,078 30 

4,470 38 

2,035 42 

87,040 84 

9,54U 62 

$2,541,437 58 

$2,503,297 48 



$2,075,588 75 
273,626 99 
154,081 74 



Total ledger assets, $2,503,29" 



Non-Ledger Assets. 

Interest accrued on stocks and bonds, 

Market value of stocks and bonds over book value, 



Gross assets, 



17,796 60 
16,255 00 

$2,537,349 08 



Assets not admitted. 
Cash not in control of trustees, 



Total admitted assets, 



273,626 99 
$2,263,722 09 



* Including $9S,42S.24 collected of previous years' premiums. 



MUNICH REINSURANCE CO. 



469 



Liabilities. 

Unpaid losses, $164,568 00 

Unearned premiums on outstanding risks, .... 1,763,132 86 

All liabilities, except capital and surplus, . . . $ 1,927,700 86 
Surplus to policy holders, .... $336,021 23 

Deposit capital, 200,000 00 

Surplus over capital and general liabilities, .... 136,021 23 

Total liabilities, $2,263,722 09 



Fire risks outstanding Dec. 31, 1901, 
Fire risks written during 1902, 



Risks and Premiums. 

Premiums. 

$241,134,214 00 $2,571,798 47 
. 300,915,418 00 3,671,936 73 



Total, 

Risks expired and terminated, . 

In force at end of year, . 



$542,049,632 00 $6,243,735 20 
. 256,697,079 00 2,881,649 61 



$285,352,553 00 $3,362,085 59 



Miscellaneous. 
Fire losses incurred during the year, 



$1,510,